Student Debt
The proposed measure is going through a fast-track process requiring a simple majority to pass.
Questions about the fairness of Biden’s plan underscore the big problems with conservatives’ new favorite doctrine.
“I’m confident we’re on the right side of the law,” the president said. “I’m not confident about the outcome of the decision yet.”
If two Republican-appointed justices find that the plaintiffs have no standing to sue, student loan relief for 40 million Americans might yet survive.
WHAT'S HAPPENING
WHAT'S HAPPENING
A technical debate may decide whether more than 40 million Americans receive up to $20,000 in student-loan debt relief.
The Department of Education apologized for the mistake and blamed a “vendor error."
The Department of Justice filed a request on behalf of the Biden administration on Friday asking the Supreme Court to lift the hold on the plan while the legal proceedings play out.
A U.S. judge in Texas has blocked President Joe Biden’s plan to provide millions of borrowers with up to $20,000 apiece in federal student-loan forgiveness.
The 8th Circuit Court of Appeals on Friday temporarily blocked Biden’s plan while it considers an appeal by six Republican-led states.
The budget deficit has roughly halved in size, but critics say student loan forgiveness adds unnecessary red ink.