• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Saturday, May 31
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

    May 29, 2025

    ‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

    May 29, 2025

    DeSantis Signs Bill Making Gold And Silver Legal Tender

    May 28, 2025

    John Deere Announces $20 Billion Plan To Build Up American Manufacturing

    May 28, 2025

    EV Startup Promised To Cut China Ties — Then Reportedly Shared US Data Anyway

    May 27, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Politics»Senate Democrats Turn On Biden’s Student Loan Forgiveness
Politics

Senate Democrats Turn On Biden’s Student Loan Forgiveness

June 10, 2023No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Senate Democrats Turn On Biden's Student Loan Forgiveness
Share
Facebook Twitter LinkedIn Pinterest Email

By Casey Harper (The Center Square)

The U.S. Senate voted 52-46 Thursday to overturn President Joe Biden’s student loan forgiveness executive order.

Biden’s order would cancel up to $10,000 for qualifying borrowers, and up to $20,000 for Pell Grant recipients. Biden ordered the debt cancellation via the Department of Education last year, but it is now under review from the U.S. Supreme Court after a legal challenge.

The Congressional Joint Resolution of Disapproval passed Thursday and received Democratic support from Sens. Joe Manchin of West Virginia and Jon Tester of Montana, as well as Kyrsten Sinema of Arizona, who now identifies as Independent. Two other Democrats, Sens. Mark Warner of Virginia and Michael Bennet of Colorado, did not vote.

Sen. Bill Cassidy, R-LA., introduced the bill in the Senate that passed Thursday. He touted the legislation, saying “87% of Americans didn’t take out student loans or responsibly paid them back.”

Critics of Biden’s plan argue it is unfair to those who worked to pay off their loans or who never took them out in the first place. They also argue it taxes poorer Americans who could not afford to go to college in order to subsidize the choices of other Americans, often wealthier people who now have more earning potential because of their degree.

“These schemes are unfair and irresponsible,” Cassidy added.

Related: House Republicans Vote to Overturn Biden’s Student Loan Bailout

The legislation passed under the Congressional Review Act, which allows Congress to undo recently passed executive actions. Biden, however, can veto this legislation.

See also  Senator John Kennedy Goes Off on Scandals Surrounding Joe and Hunter Biden: 'Privilege and Sleaze' (VIDEO) | The Gateway Pundit

The bill first passed in the House after it was introduced by U.S. Rep. Bob Good, R-Va. The U.S. Congressional Budget Office estimated the provision would cost taxpayers about $400 billion.

“President Biden’s student loan transfer scheme shifts hundreds of billions of dollars of payments from student loan borrowers onto the backs of the American people,” Good told The Center Square. “I am proud to lead the fight against President Biden’s reckless, unilateral, and unauthorized action that would unfairly penalize those who worked hard to pay off their loans or who never took them out in the first place.”

That spending has become the center of much controversy as inflation rises and the federal debt that fuels it continues to soar.

Related: Biden Admin Sued Over Student Loan Bailout

As The Center Square previously reported, Committee for a Responsible Federal Budget Senior Vice President and Senior Policy Director Marc Goldwein in March testified before Congress about runaway federal spending and the national debt, which is on its way to $32 trillion this year.

“Unfortunately, the Administration’s policies have contributed to this inflation and cancellation could further exacerbate inflationary pressures if allowed by the Supreme Court to go forward,” Goldwein testified before the House Subcommittee on Higher Education and Workforce Development. “This in turn puts more pressure on the Federal Reserve to raise interest rates, which disrupts the financial, housing, and labor markets and risks pushing the economy into a recession.”

Syndicated with permission from The Center Square.

Bidens Democrats forgiveness loan Senate student Turn
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025

You Might Have Missed It, But Biden’s IRS Is Going On A Last-Minute Spending Binge

January 15, 2025

Biden’s Top Bank Cop Who Oversaw Wave Of Regional Failures Resigns Ahead Of Potential Fight With Incoming Trump Admin

January 6, 2025

Biden’s Decision To Block US Steel Deal Sparks Lawsuits, Backlash From Japan

January 6, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

$250m Boost Too Little For England’s Public Health Service: Experts

September 14, 2023

REPORT: Ariana Grande Is Getting Divorced

July 17, 2023

Women’s Health Center Opening In The Abortion Desert Of Western Maryland

June 11, 2023

Factbox: Who are Crispin Odey and the hedge fund Odey Asset Management?

June 11, 2023
Don't Miss

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

Business May 29, 2025

Consumers’ Research issued a “Woke Alert” on Thursday warning American shoppers that three European companies…

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025

John Deere Announces $20 Billion Plan To Build Up American Manufacturing

May 28, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,136)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,645)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

I’m Doing Trans Activism Through Comedy

March 19, 2023

Oil settles up more than 4% on prospect of OPEC+ supply cut

August 30, 2022

Apple’s market value ends above $3 trillion for first time

July 1, 2023
Popular Posts

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.