He would look to Congress to take the next steps, she said.
Legal scholars have fallen on either side of the issue of whether Biden has the power himself to address loan relief, with some saying the move would be unlikely to survive a legal challenge.
The Trump administration took steps to block broad debt cancellation in early January, issuing an Education Department memo concluding that the secretary lacked the authority to provide such assistance and that it would be up to Congress.
Schumer said he and Warren have researched the question and concluded that this is one of those things the president can do on his own. Past presidents have cleared debt, Schumer said, although not at the scale being proposed.
Democrats are pressing the i…
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