Senate Passes Bill to Block Biden’s Student Loan Forgiveness Program
The Senate has voted to pass a bill that will block President Biden’s student loan forgiveness program. This move sets up a potential veto from the President as he has previously voiced his support for the program.
The legislation was proposed by Republicans and overturns the cancellation of over $200 billion of student debt for borrowers who have debt of less than $10,000. The bill had support from both sides of the aisle, with Democrats and Republicans joining forces on the vote.
Critics of the bill argue that blocking the program will worsen the financial crisis faced by millions of Americans who are burdened by student debt. They also argue that it is unfair to cancel the debts of corporations and wealthy individuals while failing to help those who are struggling the most.
The debate over student loan forgiveness has been ongoing for some time, with both sides voicing their opinions on the matter. This latest move by the Senate sets up a potential showdown between President Biden and Republicans over the issue. It remains to be seen how this will play out in the coming weeks and months.
This story has been widely covered by major news outlets such as the Associated Press, CNN, Fox News, PBS NewsHour, and USA Today.