Biden was told NOT to cancel student loan debt by Janet Yellen and Jill - but Kamala pushed him to do it and the '$1TRILLION' scheme was unveiled before it was properly costed
Joe Biden on Wednesday announced that $10,000 in student loans would be cancelled for those earning under $125,000
On Friday it emerged that the Treasury Secretary, Janet Yellen, and his wife Jill urged Biden not to go ahead with the policy
It was supported by Kamala Harris, Chuck Schumer, Elizabeth Warren and Raphael Warnock, according to The New York Times
Biden's advisors were split: Chief of Staff Ron Klain said it would appeal to younger voters, but political advisor Mike Donilon said Americans were unsure
It also emerged that the rollout was rushed, with the loan service companies not warned and White House economists unclear of the precise cost
By Harriet Alexander For Dailymail.com
Published: 01:11 EDT, 27 August 2022 | Updated: 01:44 EDT, 27 August 2022
Joe Biden was warned by the Treasury Secretary and his wife not to cancel student debt, but pressed ahead regardless on the urging of Kamala Harris, it has been claimed.
Treasury Secretary Janet Yellen argued that with inflation around a 40-year high, the cancellation of student loans could free up consumer spending and drive inflation higher, the New York Times reported.
Jill Biden, who works part-time as a college lecturer, also urged her husband to reconsider. She campaigned on free community college, but did not push for the cancellation of debt.
more
https://www.dailymail.co.uk/news/article-11151469/Biden-told-NOT-cancel-student-loan-debt-Janet-Yellen-Jill-Kamala-pushed-him.html
