Biden Says More Student Loans Are Being Canceled

CULVER CITY, Calif. (AP) — President Joe Biden says his administration is automatically canceling federal student loans for nearly 153,000 borrowers. He’s putting the spotlight on his debt cancellation efforts as he ramps up his reelection campaign. The announcement Wednesday during a three-day campaign swing through California is part of a new repayment plan that offers a faster path to forgiveness.  The cancellations were originally scheduled to start in July, but last month the administration said it would be ready almost six months ahead of schedule, in February.