President Biden said he's considering ways to deal with reducing student debt burdens, but forgiving $50,000 in loans isn't in the cards.
"I am considering dealing with some debt reduction. I am not considering $50,000 debt reduction," Biden said at the White House after unveiling new funding for Ukraine."But I'm in the process of taking a hard look at whether or not there are going -- there will be additional debt forgiveness, and I'll have an answer on that in the next couple of weeks."Biden has been under pressure to fulfill a campaign promise to deal with student loan debt.
Read MoreBarragán told CNN on Tuesday that Biden and the Democrats had discussed the scope of such a plan -- including whether it would include public and private institutions -- but that the White House made no commitment nor specified a time frame for taking such a step. Her comments on the discussion came after reports that Biden strongly indicated during the meeting that he would take action on the issue through executive authority.
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