How the White House’s new $1.2B scholar mortgage reduction works

President Biden traveled to California on Wednesday the place he spoke about his administration’s newest scholar mortgage debt forgiveness plan. CBS News chief White House correspondent Nancy Cordes has the small print.

CBS News Streaming Network is the premier 24/7 anchored streaming information service from CBS News and Stations, accessible free to everybody with entry to the Internet. The CBS News Streaming Network is your vacation spot for breaking information, stay occasions and unique reporting regionally, nationally and across the globe. Launched in November 2014 as CBSN, the CBS News Streaming Network is out there stay in 91 international locations and on 30 digital platforms and apps, in addition to on CBSNews.com and Paramount+.

Subscribe to the CBS News YouTube channel: https://youtube.com/cbsnews
Watch CBS News: https://cbsnews.com/live/
Download the CBS News app: https://cbsnews.com/mobile/
Follow CBS News on Instagram: https://instagram.com/cbsnews/
Like CBS News on Facebook: https://facebook.com/cbsnews
Follow CBS News on Twitter: https://twitter.com/cbsnews
Subscribe to our newsletters: https://cbsnews.com/newsletters/
Try Paramount+ free: https://paramountplus.com/?ftag=PPM-05-10aeh8h

For video licensing inquiries, contact: [email protected]