A day after the U.S. Supreme Court heard oral arguments on the Biden administration’s plan to forgive student loans, a White House official is set to join MarketWatch to discuss the president’s economic agenda.
Beginning at noon Eastern, Bharat Ramamurti, the deputy director of the National Economic Council, is scheduled to join MarketWatch’s Victor Reklaitis for a live Q&A session, lasting a half-hour.
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Student-loan forgiveness is one of the key pieces of Biden’s agenda, as the president also wrestles with bringing down inflation, has criticized stock buybacks and is facing a debt-limit showdown with congressional Republicans.
On Tuesday at the Supreme Court, conservatives sounded skeptical that the president has the authority to provide more than $400 billion in student-loan relief.
Analysts have said it’s likely the Supreme Court, which has a 6-3 conservative majority, will nix Biden’s loan-forgiveness plan. The high court likely won’t issue its decision until June.
Now see: Supreme Court majority questions Biden’s student-debt relief plan
Biden announced the debt-forgiveness plan in August. It would cancel $10,000 in federal student loan debt for those who make less than $125,000, or households with income of less than $250,000 a year. Pell grant recipients would have an extra $10,000 forgiven.
Ramamurti was named by Biden last month adviser for strategic economic communications, in addition to his role as deputy director of the National Economic Council.
Lael Brainard, the former vice chair of the Federal Reserve, became the NEC’s head in February.
This post was originally published on Market Watch
