meta_pixel
Tapesearch Logo
Log in
The Lead with Jake Tapper

Biden cancels $10,000 in student loan debt for some borrowers

The Lead with Jake Tapper

CNN

News

3.51.7K Ratings

🗓️ 24 August 2022

⏱️ 81 minutes

🧾️ Download transcript

Summary

President Biden comes through on a campaign promise after announcing his plan to forgive student debt for certain borrowers. Plus, Florida congressional candidate Maxwell Frost joins after being projected to win Florida’s 10th Congressional District. Also, we examine a proposal to tackle homelessness which includes offering empty hotel rooms. To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

President Biden finally makes his move on student loan debt.

0:06.0

A lead starts right now.

0:08.1

The president coming through on a campaign promise for giving $10,000 in student loans

0:12.6

for millions of borrowers.

0:14.4

This hour, a response from the White House, as critics, some of them even Democrats say

0:19.0

they move could make inflation worse and call it an insult to those who have already paid

0:23.4

their loans.

0:24.4

Plus, Bellweather races the Democrat pulling out a win in a battleground district.

0:29.4

Did this set the tone for November?

0:31.3

I'll also speak with a Florida primary winner trying to become the first member of Congress

0:35.0

from Generation Z.

0:37.0

And a proposal to tackle homelessness, forcing hotels to offer up empty rooms.

0:43.6

But how do hotel guests and owners feel?

0:46.8

A contentious debate playing out right now in a major American city.

0:56.3

Welcome to The Lead Object Apper, and we start today with our money lead, a monumental

1:00.3

announcement out of the White House today, affecting tens of millions of Americans.

1:05.0

President Biden laying out his decision this afternoon to cancel $10,000 in federal

1:08.5

student loan payments for borrowers who make less than $125,000 a year and married couples

1:15.0

who earn less than $250,000.

1:17.8

Some Americans could see $20,000 in relief, and this move could completely wipe out student

1:23.1

debt for one third of borrowers.

1:26.0

President Biden is also extending the loan repayment frees through the rest of the year.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNN, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNN and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.