Senate blocks Biden's student loan forgiveness program and sets up potential veto.

The Senate and House have passed a bill to block President Biden's student loan forgiveness program, which promises to cancel up to $20,000 of debt for millions of borrowers but has been held up by courts. The bill now goes to Biden's desk for his signature, but he has pledged to veto the legislation. Borrowers are still awaiting a Supreme Court decision, which will determine whether the student loan forgiveness program can take effect. Republicans argue that the program is unlawful and shifts the cost of the debt to taxpayers who chose not to go to college or already paid off their student loans.