Biden’s Student-Debt Pledge Stalls

Wall Street Journal: “The debate over whether Mr. Biden can wipe away billions in federal student debt with the stroke of his pen has divided some of his allies.”

“Some have argued that such a move would energize young voters. Others have urged caution and encouraged him to defer to Congress, while raising concerns about whether the administration has the legal authority to act on its own.”

“Mr. Biden has expressed skepticism about universal debt forgiveness, arguing against canceling debt for people who attend elite private universities. He has said he opposes forgiving up to $50,000 in student debt for all borrowers and has suggested his executive authority is limited.”