President Joe Biden has announced the cancellation of an additional $1.2 billion in debt for 153,000 US student loan borrowers. Yahoo Finance Senior Columnist Rick Newman breaks down the sentiment surrounding Biden's actions taken against student loan debts, while also discussing the new sanctions expected to be levied against Russia following the death of Russian opposition leader Alexei Navalny. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Eyek Ntekim