Treasury to oversee federal student loans; McMahon criticizes Biden administration

Stuart Varney reports on the Treasury Department taking over federal student loan oversight from the Education Department. Reporter Connor Hansen details the $1.7 trillion student loan portfolio and mentions Education Secretary Linda McMahon's view that the program has been mismanaged. McMahon then states that the Biden administration has confused the student loan program, leading to a system where people are not repaying their loans due to numerous repayment and forgiveness programs.