Some progressives on Twitter are flipping out over this and insisting that Biden does have the power to do it.
Transcript via The College Fix:
People think that the President of the United States – is this more on the subject than you ever want to know? Well, you’ll let me know. People think that the President of the United States has the power for debt forgiveness. He does not. He can postpone. He can delay. But he does not have that power. That has to be an act of Congress. And I don’t even like to call it forgiveness because that implies a transgression. It’s not to be forgiven, just freeing people from those obligations.
Stay with the video, the audio improves when Pelosi starts speaking:
Featured image via Twitter video.
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