House passes measure overturning Biden’s student debt forgiveness program
Wednesday, May 24, 2023 | Tag Cloud | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs! | Printer Friendly
(Worthy News) – House Republicans passed a resolution on Wednesday that overturns President Biden’s student debt relief plan that would give up to $20,000 in loan forgiveness to borrowers.
In a 218-203 vote, Rep. Bob Good (R-Va.) succeeded in his measure to terminate the pandemic-era student loan payment pause and cancel the potential relief for 40 million borrowers. The Biden proposal, which is also currently at the mercy of the conservative-leaning Supreme Court, is estimated to cost around $400 billion.
Two Democrats, Reps. Jared Golden (Maine) and Marie Gluesenkamp Perez (Wash.), joined Republicans in supporting the move. [ Source: The Hill (Read More…) ]
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.