By LIBBY CATHEY, ABC News
(WASHINGTON) — This is Day 17 of the administration of President Joe Biden and Vice President Kamala Harris.
Here is how events are unfolding. All times Eastern:
Feb 05, 9:41 am
Congressional Democrats propose up to $50,000 in debt cancelation
Congressional Democrats renewed calls Thursday for Biden to cancel up to $50,000 in federal student loans per person.
The Democrats, led by Senate Majority Leader Chuck Schumer and Sen. Elizabeth Warren, said Thursday that canceling loans would provide a much-needed boost to the economy and help lift communities of color.
“Debt holds people back from buying cars, from going on vacations, from starting families, from getting the job they want to get, it’s a huge anchor on our entire economy,” Schumer said. “There’s very little that the president could do with a flick of a pen that would boost our economy more than canceling $50,000 of student debt.”
However, White House press secretary Jen Psaki said Thursday that Biden supports a more modest proposal: up to $10,000 in student loan forgiveness per person.
Feb 05, 6:13 am
Senate approves bill to pass Biden’s COVID-19 relief package
The Senate approved a budget resolution early Friday that would allow for the passage of Biden’s $1.9 trillion COVID-19 relief package without Republican support.
Harris broke a 50-50 tie in the Senate by casting a vote in favor of the Democratic measure, which was approved by the House of Representatives on Wednesday. The resolution now goes back to the House for final approval.
Biden has said he hopes to gain Republicans’ support for the relief package.
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