Senate Majority Leader Chuck Schumer says that canceling $50,000 of student loan debt “makes sense” even if it won’t apply to borrowers who recently paid off their loans instead of buying their first home or using that money elsewhere.
Democrat senators celebrated the upper chamber’s passage of the $1.9 trillion coronavirus relief measure on Saturday, framing it as “just the start of what Congress can do” moving forward.
The Senate passed the controversial $1.9 coronavirus relief bill on party lines Saturday, 50-49. Republican Rep. Dan Sullivan (R-AK) was not present for the vote, traveling home for a family emergency.
NTD Business News- 3/2/2021 1. Sen. Warren Introduces Wealth Tax Legislation 2. Biden Meets w/ Senate Democrats on Relief Bill 3. Professor: Americans Facing Inflation Risk 4. Target Sales Jumped Nearly 20% Last Year 5. Instacart Doubled Value Since Pandemic 6. New York Mandates Strict Wedding Reception Rules 7. Mississippi Wants to Get Rid of Income Tax 8. California City is 1st to Ban New Gas Stations 9. Volvo to Go All-Electric By 2030 10. British House Prices Hit Record High 11. German Brewers Forced to Throw Away Beer 12. Chauffeur Service to Challenge Uber, Lyft 13. New Covid Vaccine Scam Warning