Student loan cancellation creates conflict between progressives, Biden The president-elect must meet the moment. If he fails to, we will hold him accountable, said Representative Ayanna Pressley.
President-elect
Joe Biden is expected to bring change to the White House and progressives hope many of the actions come sooner than later.
the
New York Times, congressional Democrats want the incoming president to cancel student loan debt with swift executive action. Biden has proposed canceling $10K in federal student debt per borrower, however, progressives are pushing for more. The outlet reports Democratic leaders are pushing the new administration to commit to up to $50K of debt relief per borrower, executed on Day One of his presidency.
Organized Debtors Are Preparing to Strike If Biden Doesnât Cancel Student Debt
President- elect Joe Biden exits the Queen in Wilmington, Delaware, on December 9, 2020.
Demetrius Freeman / The Washington Post via Getty Images
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Donald Trump has finally said that he will leave the White House, but troubles in the United States will be far from over when Joe Biden is sworn in as president on 20 January 2021. Facing a global economic crisis and with half a million deaths from Covid-19 projected by 1 April, Bidenâs administration will have to act quickly and decisively to provide relief to the American people.
CREDIT: Hani Mohammed / AP
Meet General Lloyd Austin
President-elect Joe Biden is set to nominate retired Army general Lloyd Austin as Defense Secretary. After retiring from the military in 2016, Austin joined the board of Raytheon. The defense manufacturer has sold billions of dollars worth of weapons to the Saudi coalition that’s been pummeling Yemen with bombs for years.
“After the Yemen war began in 2015 and the Obama administration made a hasty decision to back the Saudis, Raytheon booked more than $3 billion in new bomb sales, according to an analysis of available U.S. government records,” reported the
New York Times earlier this year, “Intent on pushing the deals through, Raytheon followed the industry playbook: It took advantage of federal loopholes by sending former State Department officials, who were not required to be registered as lobbyists, to press their former colleagues to approve the sales.”
President-elect Biden will be able to cancel nearly all student debt without congressional approval. If he refuses, organized debtors are preparing to strike.