CNBC: Student debt forgiveness isn’t in Biden’s annual budget – here’s why experts say that’s ‘not surprising’
Biden’s first 100 days are now behind him and he has repeatedly pushed back against leaders of his own party, stating that he will only support up to $10,000 of debt forgiveness and that he would prefer Congress craft the legislation.
Just because this isn’t in his budget doesn’t mean Biden won’t try to take action to eliminate student debt.
Student debt is holding back 3.5 million borrowers in California alone from owning homes, saving for retirement, and staying afloat.
President Biden can and should #CancelStudentDebt to lift this burden for millions of Americans and boost our economy.
— Senator Alex Padilla (@SenAlexPadilla) May 24, 2021
