The GOP's Debt Limit Plan Threatens Biden's Student Loan Help.
TL;DR Summary
House Republicans have passed a debt legislation that would cancel President Biden's student loan agenda, including a one-time cancellation of up to $20,000 for more than 40 million Americans and an updated loan repayment plan that could slash monthly payments for millions. The legislation would also lift a pause on federal student loan payments, forcing borrowers into repayment sooner than planned. Biden has threatened to veto the legislation, and his student debt cancellation plan is seen as untouchable by some Senate Democrats who may well kill the bill.
- Biden's student loan help would be 'annihilated' by GOP bill The Associated Press
- Biden Faces His First Big Choice on Debt Limit The New York Times
- House Just Passed $4.5 Trillion GOP Debt Limit Plan — 4 Most Important Cuts That Could Hit Your Wallet Yahoo Finance
- Kevin McCarthy got a debt ceiling win. He won't be able to savor it. MSNBC
- McCarthy Gets a Debt-Ceiling Win - WSJ The Wall Street Journal
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