{"id":605549,"date":"2021-07-28T22:50:17","date_gmt":"2021-07-29T02:50:17","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=605549"},"modified":"2021-07-28T22:50:26","modified_gmt":"2021-07-29T02:50:26","slug":"pelosi-pulls-rank-on-biden-says-he-doesnt-have-the-power-to-cancel-student-debt","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pelosi-pulls-rank-on-biden-says-he-doesnt-have-the-power-to-cancel-student-debt\/","title":{"rendered":"Pelosi Pulls Rank On Biden, Says He Doesn\u2019t Have The Power To Cancel Student Debt"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fpelosi-pulls-rank-on-biden-says-he-doesnt-have-the-power-to-cancel-student-debt%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=605549&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/07\/Screen-Shot-2021-07-28-at-9.22.23-PM-e1627522019100.png\" class=\"ff-og-image-inserted\" \/><\/div>\n<p>President Joe Biden does not have the power to cancel student loan debt, Speaker of the House and Democratic California Rep. Nancy Pelosi said.<\/p>\n<p>\u201cPeople think that the President of the United States has the power for debt forgiveness. He does not. He can postpone. He can delay. But he does not have that power. That has to be an act of Congress,\u201d Pelosi said during a Wednesday press conference at the Capitol. <strong><a href=\"https:\/\/dailycaller.com\/2021\/07\/27\/chuck-schumer-warren-biden-cancel-student-loan-debt\/\" target=\"_blank\" rel=\"noopener noreferrer\">RELATED: \u2018Flick His Pen And Sign It\u2019: Democrats Push Biden To Cancel $50,000 In Student Loan Debt<\/a><\/strong><\/p>\n<blockquote class=\"twitter-tweet\" readability=\"10.776978417266\">\n<p dir=\"ltr\" lang=\"en\">&gt;&gt; <a href=\"https:\/\/twitter.com\/SpeakerPelosi?ref_src=twsrc%5Etfw\">@SpeakerPelosi<\/a> says Biden does *not* have the power to cancel student loan debt \u2014 as some Democrats, led by <a href=\"https:\/\/twitter.com\/SenSchumer?ref_src=twsrc%5Etfw\">@SenSchumer<\/a>, are urging him to do.<\/p>\n<p>\u201cThat has to be an act of Congress,\u201d Pelosi says. <a href=\"https:\/\/t.co\/2V7ALDDG3y\">pic.twitter.com\/2V7ALDDG3y<\/a><\/p>\n<p>\u2014 Michael Stratford (@mstratford) <a href=\"https:\/\/twitter.com\/mstratford\/status\/1420417022786261002?ref_src=twsrc%5Etfw\">July 28, 2021<\/a><\/p>\n<\/blockquote>\n<p>Pelosi\u2019s comments follow Senate Majority Leader and Democratic New York Sen. Chuck Schumer\u2019s statements urging Biden to cancel up to $50,000 in student loan debt per borrower \u201cwith the flick of a pen.\u201d Schumer was joined by Democratic Massachusetts Sen. Elizabeth Warren and Democratic Massachusetts Rep. Ayanna Pressley at the Tuesday press conference.<\/p>\n<blockquote class=\"twitter-tweet\" readability=\"7.0192307692308\">\n<p dir=\"ltr\" lang=\"en\">Schumer and Warren call on Biden to extend the pause on federal student loan payments and wipe out $50,000 per borrower <a href=\"https:\/\/t.co\/JzgL6SpGtS\">https:\/\/t.co\/JzgL6SpGtS<\/a> <a href=\"https:\/\/t.co\/EChasXULjB\">pic.twitter.com\/EChasXULjB<\/a><\/p>\n<p>\u2014 The Hill (@thehill) <a href=\"https:\/\/twitter.com\/thehill\/status\/1420081053188993024?ref_src=twsrc%5Etfw\">July 27, 2021<\/a><\/p>\n<\/blockquote>\n<p>Schumer and Warren have been holding press conferences urging student loan debt cancellation since at least the fall, <a href=\"https:\/\/www.marketwatch.com\/story\/schumer-warren-pressley-urge-biden-to-extend-student-loan-payment-pause-and-cancel-student-debt-11627412257?link=sfmw_tw\" target=\"_blank\" rel=\"noopener noreferrer\">according<\/a> to Market Watch.<\/p>\n<p>Pelosi appeared to cast some doubt on her commitment to the cause during her press conference. \u201cSuppose your [child] decided they do not want to go to college. But you\u2019re paying taxes to forgive somebody else\u2019s obligations. You may not be happy about that,\u201d she said.<\/p>\n<blockquote class=\"twitter-tweet\" readability=\"12.40350877193\">\n<p dir=\"ltr\" lang=\"en\">Pelosi also questioned the policy wisdom of cancelling student loan debt:<\/p>\n<p>\u201cSuppose\u2026your child just decided they, at this time, [do] not want to go to college but you\u2019re paying taxes to forgive somebody else\u2019s obligations. You may not be happy about that.\u201d <a href=\"https:\/\/t.co\/eArtzO3xc1\">pic.twitter.com\/eArtzO3xc1<\/a><\/p>\n<p>\u2014 Michael Stratford (@mstratford) <a href=\"https:\/\/twitter.com\/mstratford\/status\/1420422062431215621?ref_src=twsrc%5Etfw\">July 28, 2021<\/a><\/p>\n<\/blockquote>\n<p>President Biden made a <a href=\"https:\/\/medium.com\/@JoeBiden\/joe-biden-outlines-new-steps-to-ease-economic-burden-on-working-people-e3e121037322\" target=\"_blank\" rel=\"noopener noreferrer\">promise<\/a> to make forgivable up to $10,000 of student loan debt while on the campaign trail as part of a COVID-19 relief measure.<\/p>\n<blockquote class=\"twitter-tweet\" readability=\"12.35\">\n<p dir=\"ltr\" lang=\"en\">Additionally, we should forgive a minimum of $10,000\/person of federal student loans, as proposed by Senator Warren and colleagues. Young people and other student debt holders bore the brunt of the last crisis. It shouldn\u2019t happen again.<\/p>\n<p>\u2014 Joe Biden (@JoeBiden) <a href=\"https:\/\/twitter.com\/JoeBiden\/status\/1241869418981920769?ref_src=twsrc%5Etfw\">March 22, 2020<\/a><\/p>\n<\/blockquote>\n<p>Biden has since walked back those campaign promises. When asked during a December press conference if he would sign an executive order canceling up to $50,000 in student loan debt, he said he was \u201cunlikely to do that,\u201d <a href=\"https:\/\/www.washingtonpost.com\/opinions\/trump-is-trashing-the-government-on-his-way-out-biden-is-confident-he-can-fix-it\/2020\/12\/23\/c69fc9c2-4553-11eb-b0e4-0f182923a025_story.html\" target=\"_blank\" rel=\"noopener noreferrer\">according<\/a> to The Washington Post.<\/p>\n<blockquote class=\"twitter-tweet\" readability=\"8.3870967741935\">\n<p dir=\"ltr\" lang=\"en\">Biden tells group of columnists on authority to cancel student debt: \u201cWell, I think that\u2019s pretty questionable. I\u2019m unsure of that. I\u2019d be unlikely to do that.\u201d <a href=\"https:\/\/t.co\/ApPzYqPqii\">https:\/\/t.co\/ApPzYqPqii<\/a><\/p>\n<p>\u2014 Andrew Kreighbaum (@kreighbaum) <a href=\"https:\/\/twitter.com\/kreighbaum\/status\/1341913884333121536?ref_src=twsrc%5Etfw\">December 24, 2020<\/a><\/p>\n<\/blockquote>\n<p>He appeared to undercut his campaign promise in a May <a href=\"https:\/\/www.nytimes.com\/2021\/05\/20\/opinion\/joe-biden-david-brooks-interview.html\" target=\"_blank\" rel=\"noopener noreferrer\">interview<\/a> with The New York Times when he said \u201cthe idea that you go to Penn and you\u2019re paying a total of 70,000 bucks a year and the public should pay for that? I don\u2019t agree.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden does not have the power to cancel student loan debt, Speaker of the House and Democratic California Rep. Nancy Pelosi said.\u201cPeople think that the President of the &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-605549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/605549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=605549"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/605549\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=605549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=605549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=605549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}