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Home Economy

Student-loan forgiveness: There is no ‘backup plan,’ says Biden official. ‘We have one plan, it’s the plan that we’ve announced.’

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March 13, 2023
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A day after the U.S. Supreme Court heard oral arguments on the Biden administration’s plan to forgive student loans, a White House official told MarketWatch there’s no fallback plan in case the high court strikes it down.

“We have one plan, it’s the plan that we’ve announced,” said Bharat Ramamurti, the deputy director of the National Economic Council, who joined MarketWatch’s Victor Reklaitis for a live Q&A session.

“We…

Tags: article_normalBanking/CreditFinancial ServicesInvesting/SecuritiesPolitical/General News
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