The Impact of Biden's Debt-Related Actions on the Economy and Politics.

Education Secretary Miguel Cardona has confirmed that student-loan payments will resume this year, which could jeopardize the post-pandemic economic recovery and strain consumers' wallets. The impacts could worsen if the Supreme Court strikes down Biden's broad student-debt relief. Economists warn that restarting student-loan payments after an over three-year pause would stunt economic growth and strain consumers' wallets, leading to a severe fiscal contraction. The student-loan payment resumption risks jeopardizing the economic recovery, and borrowers and the economy will likely suffer.