Joe Biden was warned by the Treasury Secretary great wife not to cancel college student debt, but pressed forward regardless on the urging of Kamala Harris, it has been claimed.
Treasury Secretary Janet Yellen argued that with inflation around a 40-year high, the cancellation of student loans could take back consumer spending and drive inflation higher, the New York Times reported.
Jill Biden, who works part-time as a college lecturer, also urged her husband in order to reconsider. She campaigned on free community college, but did not push for the termination of debt.
The president ultimately chose to ignore their advice – after being cajoled on the subject by Vice President Kamala Harris, who was in favor of mortgage cancelations.
Mike Donilon, one of Biden’s closest political advisers, told your pet polling showed Americans were split on the issue.
Yet Ron Klain, his chief of staff, said it could be a popular proceed with younger voters, going into the midterms.
One of the most ‘ persistent’ supporters of debt relief was the vice president, Kamala Harris.
In February the girl tasked her team along with creating a memo detailing Biden’s concerns about debt relief plus countering them one by one, The New York Times said.