Rep. Ilhan Omar, D-Minn., center, accompanied by Sen. Elizabeth Warren, D-Mass., right, and Rep. Alma Adams, D-N.C., left, speaks at a news conference on Capitol Hill in Washington, Thursday, Feb. 4, 2021, about plans to reintroduce a resolution to call on President Biden to take executive action to cancel up to $50,000 in debt for federal student loan borrowers. (AP Photo/Andrew Harnik)

Rep. Ayanna Pressley, D-Mass., speaks at a news conference on Capitol Hill in Washington, Thursday, Feb. 4, 2021, about plans to reintroduce a resolution to call on President Joe Biden to take executive action to cancel up to $50,000 in debt for federal student loan borrowers. (AP Photo/Andrew Harnik)

Sen. Elizabeth Warren, D-Mass., speaks at a news conference on Capitol Hill in Washington, Thursday, Feb. 4, 2021, about plans to reintroduce a resolution to call on President Joe Biden to take executive action to cancel up to $50,000 in debt for federal student loan borrowers. (AP Photo/Andrew Harnik)

Senate Majority Leader Sen. Chuck Schumer of N.Y., takes a question during a news conference on Capitol Hill in Washington, Thursday, Feb. 4, 2021, about plans to reintroduce a resolution to call on President Biden to take executive action to cancel up to $50,000 in debt for federal student loan borrowers. (AP Photo/Andrew Harnik)

White House press secretary Jen Psaki speaks during a press briefing at the White House, Thursday, Feb. 4, 2021, in Washington. (AP Photo/Evan Vucci)