Current:Home > InvestBiden vetoes bill to cancel student debt relief-DB Wealth Institute B2 Expert Reviews
Biden vetoes bill to cancel student debt relief
View Date:2024-12-23 23:31:07
President Joe Biden on Wednesday vetoed a bill that would have repealed his plan to forgive student debt.
H.J. Res. 45 passed the Senate in June and the House in May. Biden's veto is the fifth of his presidency.
"It is a shame for working families across the country that lawmakers continue to pursue this unprecedented attempt to deny critical relief to millions of their own constituents, even as several of these same lawmakers have had tens of thousands of dollars of their own business loans forgiven by the Federal Government," Biden said.
Lawmakers who voted for the bill said Biden's plan is too expensive and unfairly benefits college graduates at the expense of taxpayers who didn't go to college.
Sen. Bill Cassidy, a Republican and lead sponsor of the bill in the Senate, criticized Biden after the veto.
"On a bipartisan basis, Congress told @POTUS his policies are irresponsible and unfair to the 87 percent of Americans who decided not to go to college, paid their way, or already responsibly paid off their loans," Sen. Cassidy tweeted. "The President is sending a clear message that he is willing to force these ordinary Americans to bear the burden of paying off someone else's student debt in addition to their own bills."
While it's unlikely the House and Senate have enough votes to override a presidential veto, the legislation could still be overturned by the Supreme Court, which is reviewing a legal challenge that could eliminate the program. Justices heard arguments for the case in February and a SCOTUS decision is expected this summer.
Biden's student loan relief plan cancels up to $20,000 in debt for tens of millions of borrowers making less than $125,000 per year.
Student loan payments were paused at the beginning of the COVID-19 pandemic. They're set to resume later in the summer.
- In:
- Student Debt
- Student Loan
Aliza Chasan is a digital producer at 60 Minutes and CBS News.
TwitterveryGood! (958)
Related
- San Antonio Spurs coach Gregg Popovich had mild stroke this month, team says
- Police say five people, including a teenage boy, were killed in a drive-by shooting in Puerto Rico
- Police arrest 6 pro-Palestine activists over alleged plot to disrupt London Stock Exchange
- The Excerpt podcast: Caucus Day in Iowa
- Oprah Winfrey Addresses Claim She Was Paid $1 Million by Kamala Harris' Campaign
- Just Lay Here and Enjoy This Epic Grey's Anatomy Reunion at the 2023 Emmy Awards
- EU presidency warns democracy will be put to the test in US elections in November
- Kenya embarks on its biggest rhino relocation project. A previous attempt was a disaster
- Jeep slashes 2025 Grand Cherokee prices
- Flight school owner, student pilot among dead in Massachusetts small plane crash
Ranking
- Martin Scorsese on the saints, faith in filmmaking and what his next movie might be
- Guatemala's new President Bernardo Arevalo takes office, saying country has dodged authoritarian setback
- Fukushima nuclear plant operator in Japan says it has no new safety concerns after Jan. 1 quake
- Horoscopes Today, January 15, 2024
- CRYPTIFII Introduce
- Stormy Daniels says she's set to testify in Trump's New York criminal trial in March
- Summer House's Sam Feher and Kory Keefer Break Up After Over a Year of Dating
- Guinness World Records suspends ‘oldest dog ever’ title for Portuguese canine during a review
Recommendation
-
Week 10 fantasy football rankings: PPR, half-PPR and standard leagues
-
Rob McElhenney Knows His Priorities While Streaming Eagles Game from the 2023 Emmys
-
Flight school owner, student pilot among dead in Massachusetts small plane crash
-
Baltimore Ravens vs. Houston Texans: Odds and how to watch AFC divisional playoff game
-
Wreck of Navy destroyer USS Edsall known as 'the dancing mouse' found 80 years after sinking
-
Dog being walked by owner fatally stabbed, Virginia man faces charges
-
Belarus political prisoner dies after authorities fail to provide him with medical care, group says
-
Greta Lee on how the success of Past Lives changed her life