Biden White House to announce a $10,000 student loan cancellation.
According to three persons familiar with the plan, President Joe Biden
is scheduled to make his long-delayed announcement on Wednesday
regarding his decision to cancel up to $10,000 in federal student loans
for many Americans and to postpone payments until January.
Liberals have put pressure on Biden to extend more comprehensive
assistance to hard-hit borrowers,
while moderates and Republicans have questioned the
fairness of any generalized forgiveness.
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