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  • 2022-08-25 (xsd:date)
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  • Did Pelosi Say the President Does Not Have 'the Power for Debt Forgiveness’? (en)
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  • Shortly after U.S. President Joe Biden unveiled his plan for student loan forgiveness in August 2022, the right-leaning online publication National Review reported in an article published on Aug. 24 that House Speaker Nancy Pelosi said the president lacks the authority to forgive student debt. During a weekly news conference held on July 28, 2021 (archived here), Pelosi was asked to explain why the Biden Administration and Democrats in Congress were pushing for student loan debt forgiveness and cancellation, she replied: Nevertheless, U.S. President Joe Biden announced that he would be using executive action to push forward a student loan forgiveness plan that allowed up to $20,000 in student debt cancellation for qualified borrowers, following up on promises made on the 2020 campaign trail. At the time of this writing, it’s not yet clear how exactly that forgiveness plan would work, and, as The Associated Press reported, it will likely face legal challenges in the months to come. The three-part plan has not officially been executed and specifics haven’t been released. Because Pelosi did, in fact, state that the president does not have the power for debt forgiveness, we have rated this claim as a Correct Attribution. (en)
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