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Elizabeth Warren tells Conan: The government should not be profiting from student loan debt

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Sen. Elizabeth Warren (D-MA) told Conan O’Brien the government profits too much off the student loan system to ease the staggering debt faced by many young Americans.

The liberal standard-bearer said Wednesday night on “Conan” that she had run into a major obstacle after introducing a bill to reduce interest rates on government loans from up to 12 percent.

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“The government has already pre-spent all the profits on student loans,” Warren said.

Interest rates were “set to produce tens of billions of dollars in profit,” including $66 billion for the five-year period ending in 2012, Warren said.

“The United States government should not be making profit off the backs of kids who are trying to get an education,” she said.

Warren, a rumored 2016 presidential candidate, said lawmakers were unwilling to set the interest rate on student loans to just the break-even point.

“If you want to reduce the interest rate, you’ve got to find somebody else to put the money in to fund the government over the next decade or so,” she explained.

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Warren said she and some other Democratic lawmakers want to set tax rates for millionaires and billionaires to the same rate that middle-class families pay to help ease the student loan debt burden.

“As a government, we can decide we’re either going to spend the same lump of money either to keep tax loopholes open for billionaires or to reduce the interest rate on student loans — and you want to guess who’s winning right now? The billionaires, and that’s wrong,” she said. “That’s why we have to fight back.”

Watch her remarks posted online by TBS:

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Andrew Cuomo rips Trump like never before: ‘This was the worst government blunder in modern history’

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Gov. Andrew Cuomo (D-NY) on Monday accused President Donald Trump of presiding over "the worse government blunder in modern history."

At his daily COVID-19 briefing, Cuomo said that it was time for the president to hit the "reset button" on his handling of the pandemic.

"If we don't tell the truth on the reset, COVID will never end," the New York governor explained. "It will ricochet across the country. It will just bounce back and forth."

"This was a colossal blunder -- how COVID was handled by this federal government," he continued. "Shame on all of you. Six months, lives lost. Hit the reset button, yes."

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Trump snaps at Jim Acosta for reminding him of coronavirus death toll: ‘Fake news CNN’

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President Donald Trump on Monday snapped at CNN's Jim Acosta when he reminded the president that the novel coronavirus so far has killed 155,000 Americans.

During a question-and-answer session with reporters, the president boasted that the United States had done an "amazing" job at handling the COVID-19 pandemic, at which point Acosta interrupted him and tried to ask him about the 155,000 people who have died from the disease in just five months.

"The U.S. has so many deaths," Acosta said.

"Hold it!" Trump replied.

"So many countries around the world..."

"Fake news CNN," he said. "Hold it. We have done a great job in this country. We haven't been given enough -- not me, Vice President Pence, the task force -- have not been given the kind of credit."

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COVID-19 obituary blames Republicans for Texas man’s untimely end: ‘They blame his death on Trump’

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One family in Texas recently used their loved one’s obituary to criticize President Donald Trump and Texas Gov. Greg Abbott for allowing “needless” COVID-19 deaths.

David W. Nagy died alone in a hospital bed, leaving behind his "inconsolable wife."

"He suffered greatly from the ravages of the COVID-19 virus and the separation from his much loved family who were not allowed at his bedside," the obituary says.

"Family members believe David's death was needless," the obituary continues. "They blame his death and the deaths of all of the other innocent people, on Trump, Abbott and all the other politicians who did not take this pandemic seriously and were more concerned with their popularity and votes than lives."

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