Pelosi Shoots Down Schumer’s Student Debt Plea To Biden: ‘He Does Not Have That Power’

In recent months, a number of high-profile Democrats have been pushing for President Joe Biden to unilaterally forgive tens of thousands of dollars in student loan debt. 

One of the most vocal lawmakers has been Senate Majority Leader Chuck Schumer (D-NY). During a Tuesday press conference with Sen. Elizabeth Warren (D-MA) and “Squad Member” Rep. Ayanna Pressley (D-MA), Schumer called on Biden to extend the student loan payment moratorium until next spring and to cancel $50,000 in student debt from borrowers.