Fox News White House correspondent Peter Doocy has the latest on Special Report
Senate Majority Leader Chuck Schumer, Sen. Elizabeth Warren and Rep. Ayanna Pressley on Thursday urged President Biden use his executive authority to cancel up to $50,000 in student loan debt for federal student loan borrowers.
Schumer, D-N.Y., Warren, D-Mass., and Pressley, D-Mass., on Thursday reintroduced a resolution, which would allow the secretary of education to cancel up to $50,000 in federal student debt.
The resolution also called on Biden to take executive action to administratively cancel up to $50,000 in Federal student loan debt for Federal student loan borrowers using existing legal authorities under the Higher Education act of 1965. The resolution also encourages Biden to use executive authority under the Internal Revenue Code of 1986, which would prevent administrative debt cancellation from resulting in a tax liability for borrowers.
Biden to meet with Senate Republicans offering covid relief counter-proposal Erica Werner, Jeff Stein, Seung Min Kim
How Democrats control of the Senate may affect coronavirus stimulus
Replay Video UP NEXT President Biden intends to meet on Monday with 10 GOP senators who are calling on him to make a bipartisan deal instead of forging ahead with a party-line vote on his $1.9 trillion coronavirus relief plan. The group announced plans Sunday to release an approximately $600 billion coronavirus relief package as a counter-proposal to Biden’s much larger plan, posing a test for the new president who campaigned on promises to unify Congress and the country.