That’s similar to his overall approval rating, 40 percent, but better than his ratings on the economy, gun policy and immigration. adults approve of how Biden is handling student debt, according to a recent poll from The Associated Press-NORC Center for Public Affairs Research. The action would also end Public Service Loan Forgiveness, a student loan cancellation program for teachers, firefighters and other public workers, the letter said.Ībout 43 percent of U.S. Passing it “would immediately force tens of millions of borrowers into abrupt and unplanned repayment with devastating effects,” the coalition said.
The measure would retroactively add several months of student loan interest that was waived by Biden’s extension, according to a letter from more than 260 organizations urging Congress to reject it. It would also rescind Biden’s latest extension of a payment pause that began early in the pandemic. If enacted, the measure would revoke Biden’s cancellation plan and curtail the Education Department’s ability to cancel student loans in the future. The GOP resolution is “an unprecedented attempt to undercut our historic economic recovery,” the White House said. The debt cancellation is based on “decades-old authority granted by Congress” to protect borrowers from the impact of national emergencies, according to a statement from the Office of Management and Budget. On Monday, the White House promised to veto the resolution if Congress approves it. WATCH: Breaking down the arguments as Supreme Court hears challenge to student loan relief plan Bill Cassidy, R-La., introduced it in the Senate, which has not taken up the measure. Bob Good of Virginia introduced the resolution in the House in March. Marie Gluesenkamp Perez of Washington state, supporting it. The vote was 218-203, with two Democrats, Rep. Passing a resolution requires a simple majority in both chambers, but overriding a presidential veto requires two-thirds majorities in the House and Senate.
The latest Republican challenge employs the Congressional Review Act, which allows Congress to undo recently enacted executive branch regulations. About 26 million had applied for the relief before courts intervened. A decision is expected in the coming weeks.īiden’s plan would cancel up to $20,000 in federal student loans for 43 million Americans. The Supreme Court is now weighing the plan after hearing arguments in February. It adds to the GOP’s ongoing attack on Biden’s one-time student loan cancellation, which was halted in November in response to lawsuits from conservative opponents.
WASHINGTON (AP) - House Republicans passed a resolution on Wednesday that would overturn President Joe Biden’s student loan cancellation plan, but the White House has vowed to veto it and the plan remains on hold as the Supreme Court considers its fate.
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