Author: WHOPSO Staff Published: 4/12/2024 OFFICE OF POLITICAL STRATEGY & OUTREACH
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On Friday, April 12th, President Biden, during remarks at the 33rd National Action Network Convention, highlighted how the Biden-Harris Administration is delivering on creating opportunity in historically under-resourced communities and narrowing the racial wealth gap. The President announced key progress being made to root out bias in the home appraisal process, achieve record federal investment in small disadvantaged businesses, and canceling student loan debt.
Here are just a few examples of how Bidenomics and the President’s Investing in America agenda are already delivering for Black Americans:
- Under President Biden, the Black unemployment rate and gap between Black and white unemployment hit record lows.
- Black wealth is up 60% relative to pre-pandemic levels.
- The share of Black business owners more than doubled between 2019 and 2022.
- Black-owned businesses are being created at the fastest rate in 30 years.
The Biden-Harris Administration Announced Additional $7.4 Billion in Student Debt Cancellation
On Friday, April 12th, President Biden announced that 277,000 more Americans will get their student debt canceled, bringing the total debt relief approved by the Biden-Harris Administration to $153 billion for 4.3 million Americans through various actions. This latest round of debt cancellation comes on the heels of President Biden announcement on Monday new plans that, if implemented, would cancel student debt for over 30 million Americans when combined with actions the Administration has taken over the last three years. Learn more about these plans at StudentAid.gov/DebtRelief.