Jordan, does President Biden want to cancel student loan debt?

He seems to be getting into getting into the idea.

Jordan Weissman covers the economy for Slate.

I called him up to talk about these rumors that Joe Biden is about to forgive a huge chunk of American student loan debt.

I was curious about what was happening here because President Biden, he has never been enthusiastic about this idea.

My impression, watching the Biden campaign, that he was kind of bullied into the idea of

promising to cancel student loan debt by Elizabeth Warren, who was like, I'm getting rid of this

on day one.

Barely even.

I'd say he is like grudgingly suggested he might sort of do something possibly.

That was sort of his stance. No promises.

Yeah, no problem. Basically, during his campaign, what he said is he would be open to canceling up to $10,000 of student debt.

Oh, and by the way, Congress should do it.

Right. That was the key. He was like,

if Congress will do it. And I mean, Congress was not going to do this. After getting elected,

President Biden stuck to his guns on this, even when voters confronted him with emotional appeals.

Hello, good evening, Mr. President. Student loans are crushing my family, friends,

and fellow Americans. Me too. Early on in his presidency, he had a town hall where this young woman

asked a question about student debt forgiveness and whether he would do something along the lines of

Elizabeth Warren's plan to cancel up to $50,000 in loans.

What will you do to make that happen?

I will not make that happen.

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