Biden Throws Cold Water on $50K Student Debt Relief

President Biden balked at forgiving $50,000 in student loan debt, “saying he doesn’t have the power to do so unilaterally,” The Hill reports.

Said Biden: “I do think in this moment of economic pain and strain that we should be eliminating interest on the debts that are accumulated, No. 1. And No. 2, I’m prepared to write off the $10,000 debt, but not $50,000.”

Meanwhile, Rep. Alexandria Ocasio-Cortez (D-NY) warned her Twitter followers that the “case against student loan forgiveness is looking shakier by the day.”