Senate moves to repeal Biden's student loan relief plan, faces potential veto.

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Source: CNBC
Senate moves to repeal Biden's student loan relief plan, faces potential veto.
Photo: CNBC
TL;DR Summary

The Senate has voted to repeal President Joe Biden's student loan forgiveness plan, which is expected to cost $400 billion. Senator Joe Manchin, D-W.V., voted to overturn the plan, citing concerns about adding to the national debt. The White House has warned that Biden will veto the bill. Several Democratic lawmakers have condemned the move, calling it damaging to the economy and out of touch with the financial realities facing working families. Senate Majority Leader Chuck Schumer called the move "a slap in the face" to more than 40 million Americans.

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