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Biden looks at student loan forgiveness but not $50,000

29 Tháng Tư 2022
Biden looks at student loan forgiveness but not $50,000 © Reuters. U.S. President Joe Biden announces additional military and humanitarian aid for Ukraine as well as fresh sanctions against Russia, during a speech in the Roosevelt Room at the White House in Washington, U.S., April 28, 2022. REUTERS/Evelyn Hockstein

By Steve Holland and Trevor Hunnicutt

WASHINGTON (Reuters) -U.S. President Joe Biden said on Thursday that he will make a decision on whether to forgive some federal student loan debt and announce his plans soon.

"I am considering dealing with some debt reduction," Biden told reporters.

"I am not considering $50,000 debt reduction, but I'm in the process of taking a hard look at whether or not there will be additional debt forgiveness, and I'll have an answer on that in the next couple of weeks."

Student debt cancellation has become a priority for many liberals and one that could shore up popularity with younger and more highly educated voters, who lean Democratic, ahead of November's critical midterm elections.

But the Biden administration has been reluctant to unilaterally make an unprecedented cancellation of college debt owned by the U.S. government, a move that would test his legal authority.

Instead, Biden has asked Congress to pass a bill forgiving debt that he could sign.

The federal government has let 43 million borrowers stop paying on a total of $1.6 trillion in student loans since the onset of the COVID-19 pandemic in 2020.

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22-05-2022 01:49:59 (UTC+7)

EUR/USD

1.0562

-0.0024 (-0.23%)

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EUR/USD

1.0562

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GBP/USD

1.2489

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USD/JPY

127.86

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AUD/USD

0.7039

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USD/CAD

1.2839

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EUR/JPY

135.05

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US Coffee C Futures

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DAX

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20,717.24

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US Small Cap 2000

1,768.35

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8,484.50

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BASF SE NA O.N.

48.850

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Bayer AG NA

63.74

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Allianz SE VNA O.N.

195.58

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Adidas AG

172.80

+0.92 (+0.54%)

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Deutsche Lufthansa AG

6.852

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Siemens AG Class N

115.08

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9.362

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 EUR/USD1.0562↑ Buy
 GBP/USD1.2489Neutral
 USD/JPY127.86Neutral
 AUD/USD0.7039Sell
 USD/CAD1.2839↑ Buy
 EUR/JPY135.05Neutral
 EUR/CHF1.0296↑ Buy
 Gold1,845.10↑ Buy
 Silver21.765↑ Sell
 Copper4.3042↑ Buy
 Crude Oil WTI110.35↑ Sell
 Brent Oil112.91↑ Sell
 Natural Gas8.058↑ Sell
 US Coffee C216.48↑ Buy
 Euro Stoxx 503,657.03↑ Buy
 S&P 5003,901.36↑ Buy
 DAX13,981.91Buy
 FTSE 1007,389.98Neutral
 Hang Seng20,717.24↑ Sell
 Small Cap 20001,768.35↑ Buy
 IBEX 358,484.50Neutral
 BASF48.850Buy
 Bayer63.74Buy
 Allianz195.58Buy
 Adidas172.80Buy
 Lufthansa6.852↑ Sell
 Siemens AG115.08Neutral
 Deutsche Bank AG9.362Buy
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