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Joe Biden lacked the power to cancel student loan debt unilaterally. “The president can’t do it,” Pelosi told reporters in response to a question on the topic. “That’s not even a discussion.” @SpeakerPelosi says Biden does not have the power to cancel student loan debt as some Democrats, led by @SenSchumer, are urging him to do. That has to be an act of Congress, Pelosi says. pic.twitter.com/2V7ALDDG3y “People think that the President of the United States has the power for debt forgiveness. He does not,” she said. “He can postpone, he can delay, but he does not have that power. That has to be an act of Congress.”

United statesDepartment of educationDistrict of columbiaWhite houseMichael stratfordMelina maraElizabeth warrenNancy pelosiRon klainJoe bidenSenate majority leader chuck schumerJustice departmentSpeaker nancy pelosiWednesday president joe bidenHouse chiefStaff ron klain