From Washington: President Biden Cancels Billions In Student Loan Debt

The Fox News Rundown

FOX News Podcasts

Daily News, News, Politics

3.4 • 1.7K Ratings

🗓️ 27 August 2022

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

On Wednesday, President Biden announced he will cancel student loan debt of up to $20,000 per borrower making less than $125,000 annually. The move has sparked controversy on both sides, with some arguing the President the move didn't go far enough, and others claiming it is unfair to those who have already completed their payments. The decision comes ahead of midterm elections, leaving many to wonder how the debt forgiveness will impact the President's party. Executive Vice President and Associate Professor of Business and Economics at King's College and FOX News Contributor Brian Brenberg joins to discuss how the news will impact taxpayers and question the fairness and legality of the President's debt relief plan. As talks of a new Iran nuclear deal heat up, there are worries about how a Nuclear Iran would change the Middle East. Former State Department Spokesperson during the Obama Administration, Marie Harf joins to discuss the likeliness of a new nuclear deal being agreed upon, what the deal could look like compared to the original one struck in 2015, and why she believes it would be worthwhile to negotiate with Iran. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:13.9	Fox.
0:14.9	Saturday, August 27, 2022.
0:21.5	I'm Kevin Cork. The Biden White House calls for hundreds of billions of dollars in
0:26.8	federal student loan debt relief for tens of millions of Americans. But why should those who
0:32.0	didn't rack up the bills in the first place have to chip in to pay for them, especially when they didn't get any of the benefits?
0:39.0	This is going to create fundamental brokenness in the university and the college system and it's
0:44.0	going to lead to higher and higher and higher costs for years to come if we don't knit this in the
0:49.0	bud. I'm Jared Halpern. The US could restart a nuclear deal with Iran. Is it smart foreign policy?
0:57.0	Every day we don't have a deal in place. Iran gets closer to a nuclear weapon.
1:01.7	And that's an unacceptable outcome.
1:03.9	This is the Fox News rundown from Washington. Hey, it's Clay Travis.
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1:36.8	To pay or not to pay for someone else's education.
1:41.4	That's what critics say is really at stake in the president's plan to forgive $10,000 in federal student loan
	...

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