President Joe Biden vowed Friday to push ahead with a new plan providing student loan relief for millions of borrowers, while blaming Republican “hypocrisy” for triggering the day’s Supreme Court decision that wiped out his original effort.
A sharply divided U.S. Supreme Court ruled Friday that the Biden administration overstepped its authority in trying to cancel or reduce student loans for millions of Americans.
U.S. House Republicans this week outlined how they would cut $130 billion from the dozen annual government funding bills — producing a plan with significantly lower spending than the level both parties agreed to in the debt limit deal just two weeks ago.
President Joe Biden on Wednesday vetoed legislation that would have canceled his plan to forgive student debt.
A Republican measure overturning President Joe Biden’s student loan cancellation plan passed the Senate on Thursday and now awaits an expected veto.
Fending off a U.S. default, the Senate gave final approval late Thursday to a debt ceiling and budget cuts package, grinding into the night to wrap up work on the bipartisan deal and send it to President Joe Biden’s desk.
Progressives are pushing hard for President Joe Biden to take the unprecedented step of invoking the 14th Amendment as a way to avoid financial calamity if the White House and House Speaker Kevin McCarthy do not strike a deal on the debt ceiling.
The White House and House Republicans wrapped up another round of debt ceiling talks Sunday as Washington races to strike a budget compromise along with a deal to raise the nation’s borrowing limit and avert an economy-wrecking federal default.
An Indiana man did not have standing to sue a collection agency and the company’s letters did not cause him any concrete injury, a split 7th Circuit Court of Appeals ruled Wednesday.
The Supreme Court on Thursday allowed a roughly $6 billion legal settlement to go forward that will cancel student loans for hundreds of thousands of borrowers who say they were misled by their schools.
As he mulls a 2024 presidential bid, former Vice President Mike Pence on Tuesday called for “common sense and compassionate solutions” to reform entitlement programs and the nation’s debt burden.
It’s not unusual for Supreme Court cases to hang on legal technicalities. Yet to borrowers following Tuesday’s arguments in the case regarding federal student loan forgiveness, it felt isolating to hear such a personal subject reduced to legal language.
Conservative justices holding the Supreme Court’s majority are skeptically questioning President Joe Biden’s plan to wipe away or reduce student loans held by millions of Americans.
The White House is moving forward with a proposal that would lower student debt payments for millions of Americans now and in the future, offering a new route to repay federal loans under far more generous terms.
The U.S. Supreme Court agreed Thursday to decide whether the Biden administration can broadly cancel student loans, keeping the program blocked for now but signaling a final answer by early summer.
President Joe Biden’s plan to forgive student loan debt for millions of borrowers was handed another legal loss Monday when a federal appeals court panel agreed to a preliminary injunction halting the program while an appeal plays out.
A U.S. judge in Texas on Thursday blocked President Joe Biden’s plan to provide millions of borrowers with up to $20,000 apiece in federal student-loan forgiveness.
The Hoosier attorney who sued to stop the federal student loan forgiveness program received a lesson in litigation from the federal judge presiding over the case: Don’t sue the wrong defendant.
In its final form, the federal student loan forgiveness plan covers both individuals with undergraduate and graduate degrees, including law school, where graduate debt levels can easily top six figures.
U.S. Supreme Court Justice Amy Coney Barrett on Thursday rejected an appeal from a Wisconsin taxpayers group seeking to stop the Biden administration’s student debt cancellation program.