Democratic National Committee advisor Cedric Richmond on Sunday insisted that Congress had given President Biden the authority to forgive student loans.House Speaker and even President Biden have in the past said that the executive branch does not have the authority to unilaterally cancel student loans. 'People think the president of the United States has the power for debt forgiveness. He does not,' Pelosi. said last year. 'He can postpone, he can delay, but he does not have that power. That has to be an act of Congress.'
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