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U.S. President Joe Biden (right), joined by U.S. Vice President Kamala Harris, speaks during a meeting regarding the debt limit, with U.S. House Speaker Kevin McCarthy (R-CA) and other Congressional leaders, May 16, 2023, in the Oval Office of the White House in Washington, D.C.. Their newly-introduced legislation ends a three year-long student loan payment pause introduced during the COVID-19 pandemic.