Student loan payment pause ‘gone’ under debt ceiling deal

Speaker Kevin McCarthy on Sunday described the student loan payment pause as “gone” as part of the debt ceiling deal announced by the California Republican and President Biden late Saturday night.

“The pause is gone within 60 days of this being signed. So that is another victory because that brings in $5 billion each month to the American public,” McCarthy told anchor Shannon Bream on “Fox News Sunday.”

McCarthy’s remarks came after he and Biden came to an agreement in principle late Saturday to cap spending and raise the debt ceiling.

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“What the president did, he went unconstitutionally and said he was going to waive certain people part of their debt for student loan[s], but then he paused everybody’s student loan. So everybody who borrowed a student loan within 60 days of the signing is going to have to pay that back,” McCarthy said Sunday.


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