WASHINGTON - Democrats in the House and Senate are planning to introduce a resolution Thursday, calling on President Biden to use executive action to remove $50,000 of federal student loan debt – though Biden’s response to such a demand remains dubious.Senate Majority Leader Chuck Schumer of New York will hold a press conference Thursday morning to announce the initiative alongside Sen.
Elizabeth Warren, D-Mass., who has been vocal in calling on the Biden administration to take action."Canceling student loan debt would immediately put money in the pockets of millions of Americans.
It would help dig our economy out of this crisis," Warren said in a tweet earlier this week. "And we don’t have to wait for Congress: the Biden-Harris.