Opportunities for a More Sustainable and Inclusive Economy Beyond the First 100 Days
June 14, 2021
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David K. Gibson
In the first 100 days of the Biden administration, there was a focus on what the government should do to create an economy that works for everyone. Considerably less attention was focused on what businesses, investors, and advocacy groups could do to get us closer to that goal and how they might work with the government to achieve that.
To look at where the business and investor communities stand and at where they might be going the Aspen Partnership for an Inclusive Economy, JUST Capital, and US SIF: The Forum for Sustainable and Responsible Investment gathered leaders who have been thinking about our present problems and looking for a path to a more equitable tomorrow. The conversation featured 13 experts in the field including Senator Mark Warner of Virginia and Bharat Ramamurti, deputy director of the White House National Economic Council.
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What Will Joe Biden Do? Student Loan Forgiveness Isn’t Dead Yet
One thing that’s clear is that the debt cancellation if it happens, won’t be total, nor will it represent “free college” for all or even most Americans.
President Biden, during his campaign of 2020, promised some level of student debt forgiveness. So far, as president, he has not yet delivered that. This has some asking whether Biden actually intends to follow through on that promise.
A new report, however, says that the idea of student debt forgiveness isn’t quite dead after all.
According to CNBC, various experts believe that there’s still a chance that forgiveness will happen.
Housing and businesses are important drivers to build wealth for Black people, said Andre M. Perry, a senior fellow with the Brookings Metropolitan Policy Program. However, if President Biden does not address the student loan crisis, Black households will be disproportionately unable to become homeowners or start businesses because of high debt-income ratios, he added.
Half of young people who own a business or who have plans to do so said student debt was one of the primary challenges, one survey found. Meanwhile, there s been a steep decline in homeownership among Americans between the ages of 24 and 32, and the Federal Reserve largely blames student debt.