Trump administration to start garnishing wages of student loan defaulters in January
December 23, 2025 • 1m 11s
Carl Quintanilla (Anchor)
00:00.110
getting
some
news
out
of
washington
on
student
loans
for
that
we'll
turn
to
emily
wilkins
morning
emily
Emily Wilkins (Washington Correspondent)
00:04.870
good
morning
carl
well
yes
the
trump
administration
is
announcing
that
they
are
going
to
be
garnishing
wages
for
americans
with
student
loans
who
are
in
default
that
that's
about
five
million
americans
at
this
point
but
is
the
education
department
is
actually
expecting
that
to
Emily Wilkins (Washington Correspondent)
00:18.870
grow
potentially
to
ten
million
this
is
of
course
the
first
time
the
trump
administration
is
looking
at
taking
funds
out
of
a
paycheck
to
repay
those
loans
that
are
currently
in
default
the
education
department
says
that
they
will
begin
in
the
new
year
with
a
group
of
just
a
Emily Wilkins (Washington Correspondent)
00:32.910
thousand
and
then
from
there
they
will
expand
that
to
more
who
are
in
default
with
those
paychecks
so
of
course
this
is
going
to
impact
millions
of
americans
and
comes
as
the
trump
administration
is
continuing
to
try
to
find
ways
to
reduce
the
debt
reduce
the
deficit
and
pay
off
Emily Wilkins (Washington Correspondent)
00:48.150
these
student
loans
guys
Carl Quintanilla (Anchor)
00:50.710
to
be
an
interesting
first
half
between
that
and
some
of
the
tailwinds
we're
going
to
get
on
the
macro
front
emily
thank
you
emily
wilkins
it
has
been
a
choppy
year
for
the
restaurant
business
and
the
food
industry
as
high
hopes
early
in
the
year
were
dashed
by
some
weak
Carl Quintanilla (Anchor)
01:03.030
consumer
sentiment
and
the
cost
of
tariffs
value
deals
and
discount
campaigns
have
helped
turn
some
brands
around
but
many
are
still
struggling
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