Posted on 08/24/2022 9:27:21 AM PDT by BenLurkin
House Speaker Nancy Pelosi suggested on Wednesday that people who believe President Joe Biden can forgive student debt on his own are misinformed.
“The president can’t do it,” Pelosi said, at a press briefing. “That’s not even a discussion.”
Pelosi said any student debt forgiveness would have to be carried out by Congress.
...
Biden has asked the U.S. Department of Justice and the U.S. Department of Education to review his legal authority to forgive student debt. Decisions from those agencies are not yet public.
“They are likely to reach the same conclusion as the one reached by Speaker Pelosi,” said higher education expert Mark Kantrowitz.
(Excerpt) Read more at cnbc.com ...
Let’s see what the banks and financial institutions say about this- they have an army of lawyers at their disposal.
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