Biden's Other Student Loan Forgiveness Plan
WSJ Opinion: Potomac Watch
The Wall Street Journal
4.2 • 2.8K Ratings
🗓️ 10 January 2023
⏱️ 23 minutes
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| 0:00.0 | Tech is all around us. |
| 0:02.0 | It's always updating, competing for your attention. |
| 0:06.0 | Cut through the digital clutter, with the Wall Street Journal's Tech News Briefing, |
| 0:11.0 | the biggest tech stories and scoops from our reporting every weekday. |
| 0:19.0 | From the opinion pages of the Wall Street Journal, this is Potomac Watch. |
| 0:24.0 | With its student-alone forgiveness plans stuck at the Supreme Court, |
| 0:28.0 | President Biden moves forward with a second piece of his student, |
| 0:32.0 | Debt Bonanza. Welcome, I'm Kyle Peterson with the Wall Street Journal. |
| 0:36.0 | We are joined today by my colleague's columnist, Kim Strassel, |
| 0:40.0 | and editorial board member, Colin Levy. |
| 0:43.0 | Next month, the Supreme Court will hear oral arguments in the case against Joe Biden's plan |
| 0:48.0 | to outright forgive $10,000 per person in student loans across the board |
| 0:53.0 | for borrowers earning up to $125,000 a year. |
| 0:58.0 | And the betting now seems to be that the justices will say that the White House lacks the power |
| 1:03.0 | to spend this money that hasn't been approved by Congress. |
| 1:06.0 | But on Tuesday, the Biden administration moved forward |
| 1:09.0 | on a second piece of the President's student, Debt Agenda, |
| 1:12.0 | involving income-based repayment plans. |
| 1:14.0 | Kim, I wonder if you can just set the table for us |
| 1:16.0 | and give a sense of what the administration is proposing to do? |
| 1:20.0 | Sure, something to know, we've had income-based repayment plans |
| 1:24.0 | in the federal loan system for a long time. |
... |
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