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  • Schumer calls on Biden to bypass Congress and forgive $50K in student loans per person

    12/07/2020 4:20:49 PM PST · by 11th_VA · 105 replies
    The Hill ^ | Dec 7, 2020
    Senate Minority Leader Chuck Schumer (D-N.Y.) continues to urge President-elect Joe Biden to make cancelling some student debt a priority once he takes office next year, telling reporters this week that the incoming president could forgive as much as "$50,000 of debt the first day" he assumes power. "We have come to the conclusion that President Biden can undo this debt, can forgive $50,000 of debt the first day he becomes president," he said outside his office in Manhattan on Monday, according to CNBC. "You don't need Congress. All you need is the flick of a pen." The comment comes...