MSNBC Reports on Pelosi Saying that Biden Doesn’t Have the Authority to Cancel Student Debt

EXCERPT:

GEIST: "Well, there are economic, there are moral, even legal arguments against forgiving student debt in this way. Last year, even Speaker Nancy Pelosi said the President of the United States does not have the authority to cancel debt."

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PELOSI: "People think that the president of the United States has the power for debt forgiveness. He does not. 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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GEIST: "That was in July of last year.”