Biden student loan forgiveness impacts millions, raises inflation questions ...Middle East

President Joe Biden said on Wednesday the U.S. government will forgive $10,000 in student loans for many debt-saddled college graduates, a move that could boost support for his fellow Democrats in the November congressional elections but also may fuel inflation. Canceling the debt will free up hundreds of billions of dollars for new consumer spending that could be aimed at homebuying, according to economists who said this would add a new wrinkle to the country's inflation fight.

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