Current:Home > FinanceBiden vetoes bill to cancel student debt relief -CapitalSource
Biden vetoes bill to cancel student debt relief
Chainkeen Exchange View
Date:2025-04-09 00:42:20
President Joe Biden on Wednesday vetoed a bill that would have repealed his plan to forgive student debt.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! (9233)
Related
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Ruling-party candidate Lai Ching-te wins Taiwan's presidential election
- Campaigning begins in Pakistan as party of imprisoned former leader alleges election is rigged
- Small plane crash kills 3 in North Texas, authorities say; NTSB opens investigation
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Caught-on-camera: Kind officer cleans up animal shelter after dog escapes kennel
- Chelsea Handler Takes Aim at Ex Jo Koy's Golden Globes Hosting Monologue at 2024 Critics Choice Awards
- First Uranium Mines to Dig in the US in Eight Years Begin Operations Near Grand Canyon
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Look Back at Chicago West's Cutest Pics
Ranking
- Federal hiring is about to get the Trump treatment
- Ruling-party candidate Lai Ching-te wins Taiwan's presidential election
- North Korea says it tested solid-fuel missile tipped with hypersonic weapon
- Ukraine says it shot down 2 Russian command and control aircraft in a significant blow to Moscow
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- A new 'purpose': On 2024 MLK Day of Service, some say volunteering changed their life
- Jordan Love and the Packers pull a wild-card stunner, beating Dak Prescott and the Cowboys 48-32
- Harrison Ford Gives Rare Public Shoutout to Lovely Calista Flockhart at 2024 Critics Choice Awards
Recommendation
Meet first time Grammy nominee Charley Crockett
2 Navy SEALs missing after falling into water during mission off Somalia's coast
10 Things Mean Girls Star Angourie Rice Can't Live Without
After Iowa caucuses, DeSantis to go to South Carolina first in a jab at Haley
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
North Korea says it tested solid-fuel missile tipped with hypersonic weapon
Brunei’s newlywed Prince Mateen and his commoner wife to be feted at the end of lavish celebrations
Arctic freeze continues to blast huge swaths of the US with sub-zero temperatures