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Joe Biden signs partial student debt waiver

2022-08-25T17:44:20.343Z


The decree is welcomed by progressives, but decried by many voters as the midterm elections approach.


At New York

Joe Biden can rub his hands: the summer break turns out to be enchanted.

Although inflation remains high, the price at the pump is receding, along with the Covid-19 pandemic and monkeypox, while the labor market is approaching structural full employment.

The passage of the Inflation Reduction Act to bail out the economy and the climate fight is celebrated as a major victory, taking into account the tiny majority Democrats have in the Senate.

On Wednesday August 24, at the White House, the American president however signed an executive decree which could cause concern for the Democrats when the hour of the “midterms” (parliamentary mid-term elections) comes on November 8: partial exemption from student debt, a scourge on the other side of the Atlantic made worse by the great recession of 2008 and the accelerated destruction of the mythical middle classes.

"I'm going to make sure every person in this generation gets a discount...

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Source: lefigaro

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