Commentary: Lawsuit to Block Student Loan Bailout Can Set Stage for Solving Debt Crisis

“Here’s the thing. People think that the President of the United States has the power for debt forgiveness. He does not…. [H]e does not have that power. That would have to be an act of Congress.”

Is this the perspective of a conservative legal analyst? A Republican politician? Nope. Those are the words of none other than House Speaker Nancy Pelosi, explaining to reporters last year why President Biden doesn’t have the authority to end student debt.

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