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The Guardian - US
The Guardian - US
World
Chris Stein in Washington

Student loan forgiveness: Biden hails plan for ‘generation saddled with unsustainable debt’ – as it happened

Closing summary

President Joe Biden announced his long-awaited plan to provide student loan relief, which he said would allow tens of millions of Americans to “finally crawl out from under that mountain of debt”. Meanwhile, Democrats are celebrating after their candidate prevailed in a politically finicky House district’s special election last night, a sign that the party may be more popular than expected.

Here’s more about what happened today:

Opponents of Biden’s student debt plan have claimed it is unfair to Americans who already paid off their loans. The president was asked about this as he wrapped up his speech at the White House.

In his response, he draws a comparison to the business-friendly cuts that exist across America’s tax code:

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