From Bloomberg News reporters Justin Sink and Akayla Gardner:
President Joe Biden on Friday announced plans to cancel student debt for about 55,000 public sector workers, as his administration pushes to zero out balances for more people in the final weeks of his administration.
The move — which represents the cancellation of $4.28 billion owed on federal loans — pushes the total number of individuals who have received relief under Biden administration programs to nearly 5 million, the White House said. In total, about $180 billion has been forgiven.
In-depth political discussion from around the world; if it’s a political happening, you can post it here.
These guidelines will be enforced on a know-it-when-I-see-it basis.
Subcommunities on Beehaw:
This community’s icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
There is still ton bureaucracy to get this forgiveness
im talking about the actual civil service will not break the law because the president tells them to. thats what I meant by the bureaucracy. as much as it gets shit on bereaucracy is actually good for a well functioning society. we just want it organized and efficient as possible.