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Biden CAVES Under Pressure?

by Market FinancePosted onDecember 22, 2021

Has the far-left gotten to him?

As you may already know, far-left progressive Democrats such as Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez have been pressuring President Biden to use his executive privilege to erase billions of dollars worth or student loan debt for millions of Americans.

Now, it appears that President Biden could soon cave under the pressure and not erase the debt but extend the freeze on student loan payments.

According to Breitbart, White House press secretary Jen Psaki has just noted that President Biden is still considering whether or not he should extend the freeze on student loan debt for millions of Americans. Currently the deadline is set to expire on January 31st meaning people will have to start paying back their student debts on February 1st.

Psaki recently said in a statement, “Since Day One of the Biden Administration, we’ve been hard at work delivering meaningful relief to student loan borrowers. That started with an extension of the pause on federal student loan repayment until January 31, 2022.”

She then noted, “To date, the pause has saved 41 million borrowers tens of billions of dollars. Later this week, we will be announcing whether to extend the pause further.”

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Published by Market Finance

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