U.S. Secretary of Education Miguel Cardona on student loan forgiveness and school choice
There’s something of a political showdown going on in Washington, D.C., over the impending necessity to raise the debt ceiling.
Last week, House Speaker Kevin McCarthy revealed the Republican debt ceiling plan — and it was met with immediate derision from President Joe Biden.
It’s all adding up to a potential standoff over the debt ceiling this summer. Without Congress raising the debt ceiling, the United States could start defaulting on its debt as soon as June.
The McCarthy plan includes $4.5 trillion in cuts — including the elimination of Biden’s proposed student loan forgiveness plan, which is awaiting its fate at the U.S. Supreme Court now. The court heard arguments in February on a suit to stop the program, which would cancel $400 billion in student debt.
The Show spoke more about it with U.S. Secretary of Education Miguel Cardona.