Merkley, Wyden, colleagues urge administration to extend student loan repayment pause.

WASHINGTON (KTVZ) -- Sens. Jeff Merkley and Ron Wyden, D-Ore., cosigned a letter Friday to President Biden, urging the administration to act now to extend the pause on federally held student loan payments until at least the end of the year and to provide meaningful student debt cancellation.

"Given the fast-approaching deadline for borrowers to resume payments, your administration must act as quickly as possible to extend the pause and make clear to the American public your intention to cancel a meaningful amount of student debt. We look forward to supporting your administration in getting it done," wrote the lawmakers.

Joining the letter in the House are Representatives Madeline Dean (D-Pa.), Steven Horsford (D-Nev.), Jamaal Bowman (D-N.Y.) Sylvia R. Garcia (D-Texas), Frank Pallone (D-N.J.), Nanette Diaz Barragán (D-Calif.),