Senate approves bill to undo Biden's student loan debt forgiveness plan, sending measure to the president, who has promised to veto it
."This Biden proposal undermines these programs and forces hard-working taxpayers who already paid off their loans or did not go to college to shoulder the cost. Instead, we should be focusing on bipartisan student debt reforms that reduce the cost of higher education and help all Americans.”along party lines last week, although similar to the Senate, two Democrats voted with GOP lawmakers.
"I remember what it felt like filling out financial aid forms and facing the brutal reality," Padilla said,"that when I was looking forward to attending the Massachusetts Institute of Technology, the cost of tuition alone was bigger than my dad’s W-2." While Republicans have zeroed in on how some of the loan forgiveness would apply to households with up to $250,000 in combined income,"nearly 90 percent of the relief provided by the Department of Education would go to Americans earning less than $75,000 per year, and no relief would go to any individual or household in the top 5 percent of incomes," the White House said.
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House to vote on debt ceiling dealThe House is expected to vote on a deal to increase the debt ceiling and limit spending Wednesday night, amid opposition from lawmakers on both ends of the political spectrum.
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House votes to pass debt limit bill to avoid default, sends Biden-McCarthy deal to SenateThe House voted to pass a debt ceiling and budget cuts package on Wednesday night, a crucial step in averting a potential default just days away.
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House votes to pass debt limit bill to avoid default, sends Biden-McCarthy deal to SenateThe House voted to pass a debt ceiling and budget cuts package on Wednesday night, a crucial step in averting a potential default just days away.
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House votes to pass debt limit bill to avoid default, sends Biden-McCarthy deal to SenateBREAKING The House voted to pass a debt ceiling and budget cuts package on Wednesday night, a crucial step in averting a potential default just days away.
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House votes to pass debt limit bill to avoid default, sends Biden-McCarthy deal to SenateThe House voted to pass a debt ceiling and budget cuts package on Wednesday night, a crucial step in averting a potential default just days away.
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US House votes to avert default, advancing Biden-McCarthy deal to SenateDeeply divided lower chamber of Congress votes 314 to 117 to suspend borrowing cap through 2024, and Senate is expected to follow suit before the end of the week — staving off the next showdown until after next year's presidential election.
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