Biden’s student debt forgiveness is a potential midterm boon for Democrats — and a major gamble
- Democrats hope Biden’s action will energize young voters during an non-presidential election.
- Republicans set out to frame Biden’s plan as an unfair “handout for the rich.”
- If inflation worsens, Biden’s debt forgiveness could provide new ammunition for Republicans.
WASHINGTON — Less than three months before November’s midterm elections, President Joe Biden jolted the race to control Congress with historic action Wednesday to cancel student loan debt for millions of Americans.
Yet his move is a major gamble, presenting both an opportunity to energize young voters and handing Republicans new lines of attack on fairness and wealth.