Commentary After losing at the Supreme Court, President Joe Biden has floated another student debt relief scheme. Lawyers and judges will take a while to decide if this new approach passes constitutional muster, no doubt, until after the 2024 election. But while the legal gears turn—slowly as ever—the political-economic implications will emerge immediately and be…
House Republicans Fail to Overturn Biden’s Veto of Debt Relief Plan
The attempt by House Republicans to overturn President Joe Biden’s veto of a Congressional Review Act (CRA) resolution aimed at nullifying the president’s debt relief plan has failed with a vote of 221–206. To successfully override Biden’s veto, it would have needed a two-thirds majority in both the House and the Senate, both of which…
Why Student Loan Debt Relief Is a Worse Idea Than You Think
Commentary The U.S. Supreme Court has heard different arguments from supporters and opponents of President Joe Biden’s student debt forgiveness program. It is probable that the justices will rule before June. However, it is important to remember a few challenges. Student loans are an essential tool to help maximize the number of citizens that have…
Arizona Sues Biden Admin Over Student Debt Cancellation Plan
The state of Arizona on Thursday filed a federal suit against the Biden administration challenging President Joe Biden’s move to cancel billions in student loan debt. The move comes shortly after six other Republican-led states—Nebraska, Missouri, Arkansas, Iowa, Kansas, and South Carolina—on the same day filed a federal suit against the Biden administration, also against the federal student…
Kids and Money: Scammers Gear up for Student Loan Cancellations
By Steve Rosen Like it or not, millions of federal student loan borrowers now have a life-changing opportunity to escape the burden of heavy debt, thanks to President Joe Biden’s debt cancelation plan. But for scammers, crooks, and other near-do-wells, the debt relief plan presents opportunities of a different kind. The same with the federal student…
Judge Halts Debt Relief Program for Farmers of Color, Says It’s Likely Unconstitutional
A federal judge in Wisconsin on Friday issued a temporary restraining order pausing payments in a federal farmer loan forgiveness program that grants benefits on the basis of race, arguing there’s a “strong likelihood” a court will rule that the program is unconstitutional. U.S. District Judge William Griesbach issued the temporary restraining order (pdf) after a…
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