Alexandria-Ocasio Cortez says student-loan cancellation should be Biden’s priority and his hesitation has ‘demoralized a very critical voting block’

  • Date: 14-Feb-2022
  • Source: Business Insider
  • Sector:Economy
  • Country:Egypt
  • Who else needs to know?

Alexandria-Ocasio Cortez says student-loan cancellation should be Biden’s priority and his hesitation has ‘demoralized a very critical voting block’

Rep. Alexandria Ocasio-Cortez in a new interview with the criticized the Biden administration's inaction on broad student-debt relief. The New York Democrat said student-loan cancellation is "one of the single most impactful things" President Joe Biden can do that would have wide-reaching effects. "It's entirely within his power," Ocasio-Cortez said. "This really isn't a conversation about providing relief to a small, niche group of people. It's very much a keystone action politically. I think it's a keystone action economically as well." She added that Biden's reluctance to issue broad student-debt forgiveness may cost him politically. "I can't underscore how much the hesitancy of the Biden Administration to pursue student-loan cancellation has demoralized a very critical voting block that the President, the House, and the Senate need in order to have any chance at preserving any of our majority," the lawmaker told the New Yorker. Roughly 45 million Americans owe . It's the of debt in the United States, following mortgages. On the 2020 campaign trail, of at least $10,000 in student debt per federal borrower. Since taking office, his administration has called on Congress to draft the measure into a bill for him to sign into law. Like Ocasio-Cortez, several