Democrats have pressured Biden to cancel $50,000 in student debt, though he has previously come out against the idea.
President Biden has clear legal authority to cancel student debt.
Democrats introduced a resolution calling on Biden to use executive authority to cancel $50,000 for each student debtor.
Biden has proposed canceling up to $10,000 of student debt, but lawmakers say that $50,000 would be more impactful.
Taxing every trade made on Wall Street could produce more than $1 trillion in federal revenues.
Former Secretary of Education Betsy DeVos sided with Charles Koch over students at every turn. She won’t be missed.
President-elect Biden will be able to cancel nearly all student debt without congressional approval, if he chooses to.
The billionaire school privatization zealot lashed out at a popular proposal to cancel student loan debt.