President Biden announced last month that he will cancel at least $10,000 in student loan debt for millions of Americans. While this move is expected to trigger consumer spending, critics say it will also fuel inflation. Hawaii News, Hawaii Weather, Hawaii Sports See more of the team that is Working for Hawaii on our website: https://www.khon2.com Stay informed about Hawaii news, weather, sports and entertainment, subscribe to the KHON2 YouTube channel: https://www.youtube.com/user/KHONNewsHawaii?sub_confirmation=1 Check out our morning news podcast: https://khon2.com/khon-2go Sign up to receive the latest Hawaii news in your inbox: https://nxslink.khon2.com/join/6sd/signup Stay informed about Hawaii news, weather, sports, and entertainment! Follow KHON2 on our social channels: https://www.youtube.com/user/KHONNewsHawaii/ https://www.facebook.com/khon2news https://twitter.com/KHONnews https://www.instagram.com/khonnews/