Sen. Elizabeth Warren. Photo: Drew Angerer/Getty Images

Sen. Elizabeth Warren’s latest big 2020 idea: A $640 billion student loan debt cancellation, funded by a tax on the rich.

Why it matters: Student loan debt is becoming a top 2020 political issue, testing candidates on how to keep Americans' student loan debt from further increasing. Warren wants to finance the proposal, like many of her others, with her "ultra-millionaire tax," she wrote in a Medium post on Monday.

By the numbers: Warren's plan would eliminate all federal and private student loan debt for more than 75% of the 45 million Americans who currently hold loans. It also would include universal free public college.

  • Every person with a household income under $100,000 would be eligible for $50,000 in debt forgiveness — those above that threshold would lose $1 of debt forgiveness for every $3 more they earn.
  • Those whose household income is more than $250,000 do not qualify for any forgiveness.
  • The plan would also create a fund of at least $50 billion to aid historically black colleges and universities.

Go deeper: Debt-free college: Where the 2020 presidential candidates stand

Go deeper

Updated 14 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 10 p.m. ET: 12,009,301 — Total deaths: 548,799 — Total recoveries — 6,561,969Map.
  2. U.S.: Total confirmed cases as of 10 p.m. ET: 3,053,328 — Total deaths: 132,256 — Total recoveries: 953,420 — Total tested: 37,532,612Map.
  3. Public health: Houston mayor cancels Republican convention over coronavirus concerns Deaths are rising in hotspots — Déjà vu sets in as testing issues rise and PPE dwindles.
  4. Travel: United warns employees it may furlough 45% of U.S. workforce How the pandemic changed mobility habits, by state.
  5. Education: New York City schools will not fully reopen in fallHarvard and MIT sue Trump administration over rule barring foreign students from online classes.
  6. 🎧 Podcast: A misinformation "infodemic" is here.

Transcripts show George Floyd told police "I can't breathe" over 20 times

Photo: Gary Coronado/Los Angeles Times via Getty Images

Newly released transcripts of bodycam footage from the Minneapolis Police Department show that George Floyd told officers he could not breathe more than 20 times in the moments leading up to his death.

Why it matters: Floyd's killing sparked a national wave of Black Lives Matter protests and an ongoing reckoning over systemic racism in the United States. The transcripts "offer one the most thorough and dramatic accounts" before Floyd's death, The New York Times writes.

5 hours ago - Health

Fighting the coronavirus infodemic

Illustration: Sarah Grillo/Axios

An "infodemic" of misinformation and disinformation has helped cripple the response to the novel coronavirus.

Why it matters: High-powered social media accelerates the spread of lies and political polarization that motivates people to believe them. Unless the public health sphere can effectively counter misinformation, not even an effective vaccine may be enough to end the pandemic.