Biden takes another stab at canceling student loan debt

President Joe Biden has recommitted to canceling student loan debt, easing financial pressure placed on members of a key voting demographic before next year's election. Biden's $39 billion action, announced Friday, provides 804,000 federal student loan borrowers with relief after the Department of Education reviewed its income-driven repayment plans. The move comes before the Federal Reserve is anticipated to raise interest rates this month and before federal student loan debt repayments, paused during the pandemic, resume in October, putting more pressure on household budgets as many voters criticize the president's...