He REALLY has been trying hard to NOT do this….
But thepolitical pressure on him has been intense….
We now get a trial ballon for a $10,000 cut…..
Mind you?
Biden said he couldn’t do this…
But now he’s thinking about it?
The White House is considering forgiving at least $10,000 in student loans per borrower through executive action, according to people familiar with the matter, with momentum increasing as President Joe Biden seeks ways to bolster voter enthusiasm ahead of the November midterms.
The move would come with considerable risks. Some deficit hawks worry it could worsen the inflation that is already weighing heavily on Democrats’ chances of maintaining control of the House and Senate. But any move may not go far enough to appease progressives and other advocates.
The administration has not yet settled on the proposal’s contours, but aims for the relief to be targeted to lower- and middle-income individuals, according to people familiar with the internal discussions. Biden himself confirmed Thursday that he plans to do something, but said he is not weighing $50,000 in forgiveness per borrower….