Biden’s Student Loan Dilemma
The Daily18 Apr 2022

Biden’s Student Loan Dilemma

Across the United States, 45 million borrowers now owe $1.6 trillion in debt for federal loans taken out for college — more than consumers owe on any other debt except mortgages.

For the past two years, beginning as the pandemic spread, the U.S. government has allowed tens of millions of Americans to stop paying back their students loans.

This experiment in debt deferral has had unintended consequences, and poses a dilemma for President Biden.

Guest: Stacy Cowley, a finance reporter for The New York Times.

Want more from The Daily? For one big idea on the news each week from our team, subscribe to our newsletter.

Background reading:

  • The Biden administration has paused student loans once again. The four-month delay means the pause will become an issue again before the midterm elections.
  • While politically popular with Mr. Biden’s party, the extension of the loan moratorium has drawn criticism for adding a small measure of oomph to the inflation the government is trying to tame.

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Episoder(2797)

The Firing of Kristi Noem

The Firing of Kristi Noem

On Thursday, President Trump fired Kristi Noem, his secretary of homeland security, whose agency is at the center of his second-term agenda. Hamed Aleaziz, who covers the department, explains how Ms. ...

6 Mar 30min

Did Israel Push Trump Into War?

Did Israel Push Trump Into War?

The U.S. decision to strike Iran was a victory for Israel, which had been pushing President Trump for months on the need to hit the country. Now, Israel’s role in spurring the operation has become a p...

5 Mar 37min

A New Media Empire

A New Media Empire

The bidding war between Paramount and Netflix over the acquisition of Warner Bros. Discovery appeared to come to a close last week, when Netflix backed out. The Times journalists Nicole Sperling, Laur...

4 Mar 25min

The Midterms Begin With a Texas-Size Showdown

The Midterms Begin With a Texas-Size Showdown

Democrats and Republicans will head to the polls in Texas today for an election that will send both parties a message about what voters want in Trump’s America. Shane Goldmacher, a national political ...

3 Mar 33min

Celebration and Mourning: Inside an Iran at War

Celebration and Mourning: Inside an Iran at War

The United States and Israel continued to strike Iran with missiles for a second day on Sunday, destroying more power centers of the Iranian regime and, according to rights groups, bringing the civili...

2 Mar 35min

The U.S. and Israel Strike Iran

The U.S. and Israel Strike Iran

The United States and Israel on Saturday launched an attack against Iran, killing the nation’s supreme leader, Ayatollah Ali Khamenei, and, according to Iranian state media, several people in the coun...

1 Mar 34min

'The Interview': Maggie Gyllenhaal on Envy, Rage and Reaching Out to Her Brother

'The Interview': Maggie Gyllenhaal on Envy, Rage and Reaching Out to Her Brother

With a big budget and a lot to say, the filmmaker is unleashing her inner monster with “The Bride!” Thoughts? Email us at theinterview@nytimes.com Watch our show on YouTube: youtube.com/@TheIntervi...

28 Feb 44min

China Took His City. And Now His Father.

China Took His City. And Now His Father.

When pro-democracy protesters marched in the streets in Hong Kong in 2019, China responded by arresting thousands, including the leaders of the movement. One of the arrested was Jimmy Lai, who had use...

27 Feb 36min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
aftenpodden-usa
stopp-verden
forklart
i-retten
popradet
lydartikler-fra-aftenposten
fotballpodden-2
rss-gukild-johaug
det-store-bildet
dine-penger-pengeradet
rss-ness
nokon-ma-ga
hanna-de-heldige
aftenbla-bla
frokostshowet-pa-p5
rss-dannet-uten-piano
grasoner-den-nye-kalde-krigen
e24-podden