Canceling student debt would be recession insurance for Joe Biden ...Middle East

Quartz - Economy
Canceling student debt would be recession insurance for Joe Biden
source : Quartz ( Middle East ) () 14
The Biden administration faces a conundrum as rising prices and Russia’s Ukraine invasion threaten the US recovery: How to boost the economy without further fanning inflation.The president might find a solution in one of his own campaign promises. Joe Biden’s pledge to forgive some student debt may be one of the best ways to avoid a recession in the next couple of years without fueling prices today.In an economy that’s been made more fragile by supply chain snags and war disruptions, the added burden of student debt has the potential to trip borrowers into default and trigger a recession. Though the federal government extended its pause on student loan repayments earlier this month, starting

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