Economists say Biden's student loan waiver can worsen already high inflation
Edited By WION Video Desk
Published: Aug 29, 2022, 04:59 IST | Updated: Aug 29, 2022, 04:59 IST
President Joe Biden said on Wednesday that the US government will forgive $10,000 in student loans for millions of debt-saddled former college students. The move could boost support for his fellow Democrats in the November congressional elections, but some economists said it may fuel inflation.
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