Date : 29 July 2021
Location : United States

Nancy Pelosi, one of the leading Democrats in Congress, has caused controversy by her comments. She is continuing the board cancellation of the student loan debt. Her counterpart in the Senate, the majority leader Chuck Schumer along with Rep. Ayanna Pressley and Senator Elizabeth Warren held a press conference.

This conference was aimed to urge President Biden to cancel the student loan debt which is approx. $50,000 or more. He also donned a face mask during the press conference that said: “cancel student debt”. Schumer during the press conference contradicted the comment of Pelosi by saying that

“President Biden has the legal authority for canceling up to $50,000 student debt.”

At the same conference, Senator Warren gave remarks on this topic. She compared the student debts to the “swords” that are hanging over the borrower's heads. She then requested the president to use his legal authority for helping the borrowers by removing this sword.

Later Pelosi gave her statement in which she questioned whether student loans cancellation was even prudent. She also said that the taxpayers will not want their tax dollars to be used for canceling someone else’s debt.

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