The White House has threatened to veto the House-passed legislation.
The pair wrote that Biden’s student debt relief plan, which the Congressional Budget Officewould cost roughly $400 billion, was among the “most egregious” examples of excessive government spending during this administration.
The “fast-track” procedures of the Congressional Review Act allow Republicans to force a floor vote on the measure in the Democrat-controlled chamber and pass it with a simple majority vote. It’s not yet clear if they’ll be able to win overThe Congressional Review Act limits Senate debate on resolutions to 10 hours, though lawmakers could reach a timing agreement that reduces that time.The White House has said that Biden would veto the legislation if it passes Congress.
which includes a provision requiring the Biden administration to restart monthly student loan payments and interestThe deal would not rollback any part of Biden’s plan to cancel up to $20,000 of debt per borrower, which the White House has hailed as a victory. Meanwhile, some members of the House Freedom Caucus who are opposed to the debt deal on Tuesday cited student debt relief as one of the many areas where the bill doesn’t go far enough in achieving conservative priorities., chair of the caucus, said he was disappointed that the “student loan bailout” was left in tact under the deal. “Biden forgives, you pay,” he said. “None of that changes.”
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