WEBVTT

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Progressive Senator Elizabeth Warren and Senate Democratic Leader Chuck Schumer

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introduced the plan Thursday, calling for the next president

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of the United States to cancel up to$50,000 in

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debt for student loan borrowers in 2021 Warren said in

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a conference call with reporters. Quote broadly canceling student

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loan debt will improve the lives of tens of millions

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of Americans, give a boost to our economy during

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this pandemic and beyond and even help close the racial

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wealth gap. Our resolution outlines a bold plan for

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the president to use existing authority under law to cancel

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up to$50,000 in student loan debt for all borrowers

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with federal loans.