Submitted by Rich Gurka
1. July 28, 2021. In explosive comments today, House Speaker Nancy Pelosi (D-CA) told reporters that President Biden DOES NOT have the authority to cancel student loan debt. “People think that the President of the United States has the power of debt forgiveness. He does not. He can postpone, he can delay, but he does not have that power.” Pelosi argued that student loan forgiveness can only be accomplished through “an act of Congress.” (source: Forbes magazine )
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