Truthout
Debt
![Senate Minority Leader Mitch McConnell and Sen. Rick Scott, right, conduct a news conference after the Senate luncheons in the U.S. Capitol on June 22, 2022.](https://truthout.org/app/uploads/2022/08/2022_0826-mitch-mcconnell-400x300.jpg)
Mitch McConnell’s Condemnation of Debt Relief Is Dripping With Hypocrisy
Biden’s debt relief plan is not nearly enough, but it is a key step. Of course, Republicans are decrying it as "unfair."
![President Joe Biden greets guests after disembarking from Marine One, returning to the White House from Rehoboth, Delaware, on the South Lawn of the White House on August 24, 2022, in Washington, D.C.](https://truthout.org/app/uploads/2022/08/2022_0824-biden-400x300.jpg)
Biden Announces Long-Awaited Plan to Cancel Up to $20K in Student Debt
The president also said he is extending the student loan payment pause “one final time” until December 31.
![The nursing home industry has developed a strategy of pursuing grandchildren, neighbors and others to collect on debt.](https://truthout.org/app/uploads/2022/07/GettyImages-1356566276-400x300.jpg)
Nursing Homes Are Suing the Friends and Family of Residents to Collect Debts
The nursing home industry has developed a strategy of pursuing grandchildren, neighbors and others to collect on debt.
![Elizabeth Blaney, right, with Union de Vecinos in the LA Tenants Union, chants with others as they listen to speakers talk about living unhoused from the steps of Los Angeles City Hall on May 19, 2021, in Los Angeles, California.](https://truthout.org/app/uploads/2022/07/2022_0719-eviction-400x300.jpg)
Facing Eviction? Here’s How We Turn Rent Debts Into Leverage for Change.
Let’s build collective tenant power to target the corporate landlords who see housing only as a profit-generating asset.
![From left: Sherrie and Michael Foy; Marcus and Allyson Ward with their sons Milo (left) and Theo; and Nick and Elizabeth Woodruff.](https://truthout.org/app/uploads/2022/06/2022_0616-medical-debt-400x300.jpg)
More Than 100 Million People in US Have Health Care Debt, Study Shows
A new investigation concludes that our health care system is systematically pushing patients into debt on a mass scale.
![President Joe Biden gestures as he delivers remarks in the South Court Auditorium on March 30, 2022, in Washington, D.C.](https://truthout.org/app/uploads/2022/04/2022_0405-joe-biden-p-400x300.jpg)
Biden Extends Student Loan Payment Pause, Erases Default Status for Millions
Progressives have advocated for Biden to move borrowers out of default – or, better yet, to cancel student debt.
![Rep. Alexandria Ocasio-Cortez walks down the House steps at the Capitol after the last votes of the week on April 1, 2022.](https://truthout.org/app/uploads/2022/04/2022_0405-alexandria-ocasio-cortez-400x300.jpg)
AOC Calls for Student Loan Cancellation as Biden Is Expected to Extend Freeze
Biden is expected to announce another three-month extension of the student loan payment freeze this week.
![Sen. Bernie Sanders speaks during a rally at Vic Mathias Shores Park on February 23, 2020, in Austin, Texas.](https://truthout.org/app/uploads/2022/03/2022_0322-bernie-sanders-400x300.jpg)
Bernie Sanders Calls for the Cancellation of All Medical Debt
“‘Medical debt’ and ‘Medical bankruptcy’ are two phrases that should not exist,” Sanders said.
![Activists and Puerto Rican community members protest against Steven Tananbaum, a board member of the Museum of Modern Art (MOMA), for his involvement in a hedge fund that owns over $2 billion of Puerto Rico's debt, outside of the newly renovated and reopened MOMA in Midtown Manhattan on October 21, 2019, in New York City.](https://truthout.org/app/uploads/2022/01/2022_0128-puerto-rico-debt-400x300.jpg)
New Puerto Rico Debt Plan Is a False “Solution” Crafted to Benefit Capitalists
The plan charts a future largely absent the input of Puerto Ricans who will be most impacted by its devastating effects.
![President Joe Biden answers questions during a news conference in the East Room of the White House on January 19, 2022, in Washington, D.C.](https://truthout.org/app/uploads/2022/01/2022_0120-joe-biden--400x300.jpg)
Biden Dodges Question About His Failure to Cancel Student Debt
The president campaigned on canceling up to $10,000 of student debt per borrower.