However, while his administration continues to say they are still examining that authority, documents released last month revealed the Education Department gave Biden the memo in April, and it may have existed as early as February. Elizabeth Warren's proposal of $50,000 per borrower, Biden wasn't sure if he had that legal authority, so he called on the Education and Justice Departments early in his presidency to prepare memos on his ability to cancel student debt broadly via executive action. When it comes to cancelling a higher amount, like Massachusetts Sen. With Thomson Reuters Westlaw, youll find legal information you need quickly, confidently. After he left, a white man came in and requested us to break the. Use Westlaw legal research when being wrong is not an option. Biden has yet to say if he will cancel student debt broadlyĪs Cordray made clear, cancelling student debt is Biden's decision, and 43 million federal student-loan borrowers continue to anxiously await what the president will decide.ĭuring his campaign, Biden said he would approve a $10,000 student-debt cancellation. A Negro, tired and emaciated, on a hot summer day, entered the store for a glass of water. The Wall Street Journal first reported on Tuesday that he is being considered to serve as the Federal Reserve's top banking regulator, but the White House has yet to make a final decision and Cordray has not commented on the news.
Cordray's role in the FSA may be short-lived. for Store Fixtures ( Utility Counters, Cigar and Wall.