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Political and Legislative

Appeals Court Temporarily Blocks Biden’s Student Debt Relief Program Throughout the U.S.

A federal appeals court Monday issued a nationwide injunction temporarily barring the Biden administration’s student loan debt relief program.

The ruling by the 8th Circuit Court of Appeals in St. Louis is the latest in a series of legal challenges to President Joe Biden’s plan to cancel up to $20,000 in student debt for millions of Americans. The Biden administration stopped accepting applications for its relief on Friday after a federal district judge in Texas struck down its plan Thursday evening, calling it “unconstitutional.”

Monday’s decision by the appeals court came after six GOP-led states argued in a lawsuit that the loan relief program threatens their future tax revenues and that the plan circumvents congressional authority.

Read the source article at cnbc.com

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