Pelosi Says Biden Cannot Forgive Student Debt

Speaker Nancy Pelosi said that President Biden “does not have the power to forgive student loan debt, putting her at odds with some members of her own Democratic caucus as the pressure builds on the president to cancel $50,000 in student loan debt per borrower,” CBS News reports.

Said Pelosi: “People think that the president of the United States has the power for debt forgiveness. He does not. He can postpone, he can delay, but he does not have that power.”