Biden’s Education Dept. starts clock on regulation that would cancel student debt for over 25 million Americans

President Joe Biden’s latest plan for student loan cancellation is moving forward as a proposed regulation, offering him a fresh chance to deliver on a campaign promise and energize young voters ahead of the November election. The Education Department on Tuesday filed paperwork for a new regulation that would deliver the cancellation that Biden announced last week. It still has to go through a 30-day public comment period and another review before it can be finalized. It’s a more targeted proposal than the one the U.S. Supreme Court struck down...