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Psaki plans to step down after a year

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White House Press Secretary Jen Psaki appeared on The Axe Files Thursday to announce to David Axelrod that she will step down in about a year.

RELATED: Psaki hands out cookies to reporters made by her mother-in-law after she “promised snacks”

Previously, Psaki served as press secretary for former President Obama’s campaign, then Communications Director to the Obama Administration and spokesperson for the State Department.

RELATED: Psaki finally calls border situation a ‘crisis’, but corrects to call it a ‘challenge’

But from the beginning, Psaki says her deal with the Biden administration “inner circle” was to serve for a year. “I think it’s going to be time for somebody else to have this job, in a year from now or about a year from now,” she said. Personally, she is excited to spend more time with her family.

“I have little kids and I want to spend time with them,” Psaki said, speaking of her two children, ages 3 and 5. “I don’t want to miss moments and I’m very mindful of that.”

“It’s a decision you make as a family,” Psaki said, talking about what it was like to be offered a high-paced job. She talked about how any and all times of day become her “quality time” with her children.

You can follow Jenny Goldsberry on Twitter @jennyjournalism

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Economy

White House announced $6 billion student loan forgiveness for 78,000 public service workers

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The White House recently announced a $6 billion loan forgiveness program. Nurses, teachers and firefighters are among the 78,000 public service workers who will qualify. Fox Business reports:

Due to fixes to the Public Service Loan Forgiveness (PSLF) program, workers that never received forgiveness are now having their debts partially forgiven or canceled. Only about 7,000 public service borrowers received forgiveness prior to the Biden Administration, now that total hovers closer to 870,000, the announcement said.

“Today’s announcement comes on top of the significant progress we’ve achieved for students and student loan borrowers in the past few years,” the announcement stated. “This includes: providing the largest increases in Pell Grants in over a decade to help families who earn less than roughly $60,000 a year; fixing Income-Driven Repayment plans so borrowers in repayment for years get the relief they earned; and creating the most generous Income-Driven Repayment plan in history – the SAVE plan.”

However, there is concern over fairness that older generations are still paying off student loans and could risk losing Social Security. A group of representatives wrote a letter to Congress, hoping to address the issue of seniors still paying down student loans. Currently, under the Treasury Offset Program (TOP), the government can collect funds, such as tax refunds and Social Security, to pay outstanding student loan balances, reports Fox Business.

“Under the TOP, the federal government can withhold up to 15 percent of monthly Social Security or disability benefits for defaulted student loans,” the lawmakers explained in their letter.

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