Biden is reportedly delaying his broad student-loan forgiveness announcement until late summer — closer to when debt payments are set to resume

President Joe Biden told federal student-loan borrowers in April they would be hearing of relief in the "next couple of weeks." His timeline for that announcement appears to be pushed back.

On Monday, the Wall Street Journal reported that Biden is likely to announce broad student-loan forgiveness in July or August, closer to when student-loan payments are set to resume on September 1, according to administration officials familiar with the matter. While the president previously said a decision would be made sooner, the Journal reported that Biden is continuing to assess the economic and political impact...