Manchin: Biden Loan Plan Seems to Wipe out Inflation Act, 'I Cannot Answer' Why We're Penalizing Those Who Paid off Loans

On Tuesday's broadcast of CNN's "New Day," Sen. Joe Manchin (D-WV) reacted to Congressional Budget Office's $400 billion cost projection for President Joe Biden's student loan forgiveness plan by saying that it "seems to" wipe out whatever deficit reduction there was in the Inflation Reduction Act and that he "cannot answer when people call me" and wonder why they're being "penalized" for paying their loans off.