The House of Representatives failed to override President Biden’s veto on a bill aimed at blocking his student loan debt cancellation plan. Republicans argued that forgiving up to $20,000 in loans would cost taxpayers $400 billion. Despite passing the Congressional Review Act resolution, House Republicans didn’t get enough support to overturn Biden’s veto. The Supreme Court is now expected to rule on the measure, which Republicans claim is an “illegal abuse of executive power.” The Heritage Foundation called Biden’s plan a “slap in the face” to Americans who paid off their debts, while conservative groups promised to keep fighting.
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