The law that would have eliminated President Biden’s $400 billion student loan bailout was vetoed on Wednesday, and he declared he wasn’t “going to back down” when it came to wiping out the college debt of millions of Americans.
“People, Republicans in Congress spearheaded a drive to enact a law that thwarts my administration’s plan to reduce student debt by up to $10,000 and by up to $20,000 for borrowers who received Pell Grants. According to Biden, who spoke in a video uploaded on Twitter, “almost 90% of those relief money go to people making less than $75,000 a year.
“I won’t give up on my mission to assist tens of millions of middle-class and working-class families. I’m going to veto this bill because of that,” he stated.
Biden did not name the two Democratic senators Joe Manchin of West Virginia and Jon Tester of Montana, who joined all Republicans in voting to advance the bill last week, during his tirade against Republicans. Sen. Kyrsten Sinema, an independent from Arizona, joined the majority with a vote of 52-46.
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Additionally, Biden failed to name the Democratic representatives Jared Golden of Maine and Marie Gluesenkamp Perez of Washington, who joined Republicans in supporting the legislation in the House of Representatives. The final vote count in the House was 218–203.
On June 7, 2023, in the Oval Office, President Joe Biden delivers a speech before to vetoing a bill that would have eliminated his $400 billion student loan bailout. (Washington, DC)
“But that’s where they drew the line when it came to industrious Americans trying to get ahead and dealing with student debt relief. I believe it is incorrect,” he stated.
“Let me be very clear about one thing: I will never apologise for assisting working and middle-class Americans in their recovery from this pandemic. Never,” he emphasised before vetoing the legislation.
The bill was the fifth veto that Biden has issued since assuming office.
According to the plan unveiled last year, Biden promised to forgive up to $10,000 in student loans for those making less than $125,000 and up to $20,000 for Pell Grant recipients. The government was anticipating spending more than $400 billion on the programme in lost debt repayments, but the programme was suspended after a court overturned it.
Hunter is connected to another co-chair of the Biden campaign, who requested Hunter’s briefing “on the Ukraine.”
Washington, D.C.’s U.S. Capitol building (Photo by Joshua Comins)
The Congressional Review Act, which permits Congress to reject executive branch policies so long as both the House and Senate pass a resolution disapproving that policy, was used to draught the resolution that was approved by the House and Senate.
It’s improbable that Congress will be able to find the two-thirds majority required in each chamber to override Biden’s veto given the largely partisan tenor of the votes in the House and Senate.
