President Joe Biden has forgiven $167.3 billion in student loan debt since taking office. But his administration’s wins are often overshadowed by obstacles to its most ambitious debt relief programs. We’ll get into what this could mean for Biden’s economic legacy. And, we’ll explain why the 30-year mortgage rate can tell us what the markets think about the Federal Reserve’s next move. Plus, we’ll play a very demure, very mindful round of This or That!

Here’s everything we talked about today:

• “30-Year Mortgage Rate Falls Again, Now at 6.35%” from The New York Times
• “$167.3 billion in student loan forgiveness” from The Washington Post
• “Very demure, mindful and viral: the TikTok trend explained” from Axios

Kick off your Labor Day holiday weekend with our “Tunes on Tap” Spotify playlist featuring some of our favorite summer jams! Get the playlist here: marketplace.org/playlist.