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Transcripts For CNN CNN Newsroom With Alisyn Camerota and Victor Blackwell 20240707

so mj, we know the biden administration has been debate thg plan for months. why did they decide to do it? this is an announcement that has been in the works for so many months now, and the white house officially confirming earlier today some key details cnn reported earlier this week. let me walk you through those top headlines you just mentioned. as you said, $10,000 in debt forgive ness for people who make less than $125,000 a year, and then if you are a pell grant recipient, that amount goes up to $20,000. there is also going to be a pause that currently exists for loan payments for people. that was set to expire, remember, on august 31st. that is being extended one final time until the end of this year, and that s how people who are going to be paying back loans, that payment is going to be capped at 5% of their monthly income. now, as with a lot of policy announcements that come out of this white house, this doesn t have everything that some democrats and some advocat

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Transcripts for CNN CNN Newsroom With Alisyn Camerota and Victor Blackwell 20240604 18:50:00

joking. and so i went down in my 51 plymouth with beach towels for seat covers, and i had my uniform on, my spikes off. i ran and the woman s name was mary, where s dad, he s out in the lane, in the repair shop. true story. my dad was a well-dressed refined fellow, and he was pacing back and forth between the big garage door going into the repair shop, and the door going out of the showroom. and he looked up, he said, joey, honey, i m so sorry. i m so sorry. i thought, god, something happened. this was before cell phones. i thought someone happened to one of my brothers or my sister or my mom or something. i said, what s the matter dad, he said i went to see, the guy name s name was charlie delcher, vice president of the farmers bank, a state owned bank that did a lot of financing of people wanting to purchase a car.

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