Rep. Bob Good (R-VA) and Sen. Bill Cassidy (R-LA) announced legislation Monday to scrap President Joe Biden's student loan forgiveness program.
Under the resolution, Congress will express disapproval of the student loan cancellation plan to overturn the program, which is stuck in limbo amid a court battle. The resolution will need a simple majority to clear the Senate and is expected to draw a veto from Biden."The student loan transfer plan is just the latest in a series of costly moves by the Biden Administration which continue to drive up inflation. Rep.
“President Biden is not forgiving debt. He is shifting the burden of student loans off of the borrowers who willingly took on their debt and placing it onto those who chose to not go to college or already fulfilled their commitment to pay off their loans,” Cassidy said. Earlier this month, the Government Accountability Office said the student loan cancellation plan is subject to the Congressional Review Act, which gives Congress the authority to dismantle certain regulations within a set time frame.
Biden unveiled the student loan forgiveness plan last August to much fanfare from progressives. Under the initiative, borrowers with an annual income of $125,000 or less can have up to $10,000 in federal student loans canceled, while those who received Pell Grants during their schooling can have up to $20,000 wiped out.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Silicon Valley Rep. Ro Khanna opts against Senate run; endorses East Bay Rep. Barbara LeeSilicon Valley Rep. Ro Khanna removed himself from consideration in the race to succeed longtime California Sen. Dianne Feinstein on Sunday morning, opting instead to side with another Bay Area rep…
Leer más »
Rep. Ro Khanna endorses Rep. Barbara Lee for U.S. SenateU.S. Rep. Barbara Lee (D-Oakland) picked up an endorsement for her bid for U.S. Senate on Sunday from a fellow Bay Area House member, Ro Khanna (D-Fremont).
Leer más »
Rep. Ro Khanna endorses Rep. Barbara Lee in Senate race in CaliforniaRep. Ro Khanna, a leading progressive Democrat, said Sunday that he will not enter the primary to replace retiring Sen. Dianne Feinstein (D) of California, and will instead support another candidate, Rep. Barbara Lee.
Leer más »
Biden says MAGA Republicans' proposals will allow fentanyl in US and rip assistance from familiesPresident Joe Biden once again took on 'extreme MAGA House Republicans,' warning they would rip food assistance from families and enable 900 pounds of fentanyl to pour in from the Southern border.
Leer más »
Biden's student loan forgiveness program faces a new threat from Senate Republicans | CNN PoliticsPresident Joe Biden’s student loan forgiveness program may face a new threat from Senate Republicans even before the US Supreme Court rules on whether it can be implemented.
Leer más »
The Biden Gang: Congressional probe puts Hunter Biden’s associates in the crosshairsA House probe into President Biden’s family and the massive profits they reaped from foreign business deals is honing in on the web of business associates of the president’s son, Hunter Biden, according to congressional investigators.
Leer más »