• Federal Judges Block Biden’s Plan to End Student Loan Repayments

  • Jun 30 2024
  • Duración: 6 m
  • Podcast

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Federal Judges Block Biden’s Plan to End Student Loan Repayments

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  • Two federal judges on Monday ruled to block part of President Joe Biden's recent attempt to indefinitely postpone or cancel nearly half a trillion dollars in student loan debt. U.S. District Judge John Ross in Missouri and U.S. District Judge Daniel Crabtree in Kansas issued two separate rulings on Monday after Republican-led states' attorneys general filed a legal challenge to Biden's plan, which would have indefinitely postponed payments for a huge swath of borrowers, likely costing taxpayers about half a trillion dollars. Ross' ruling is a preliminary injunction halting part of Biden's plan until a ruling is made. The issue will likely be appealed and could move up through the courts.
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