House passes measure overturning Biden’s student debt forgiveness program
Wednesday, May 24, 2023 | Tag Cloud
(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…) ]
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