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Farm groups saved Bayer in court over RoundUp cancer claims. Five days later, Bayer called for tariffs on the ingredient farmers rely on

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Self-made multimillionaire says Canadians 'give no money away' compared with Americans—research shows U.S. giving is more than twice as high
Politicsstudent loans and debt

Biden rips House GOP while vetoing student debt cancellation cancellation bill: ‘It is a shame for working families across the country’

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Chris Megerian
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June 8, 2023, 1:30 PM ET
Joe Biden
President Joe Biden speaks during a cabinet meeting at the White House, Wednesday, June 7, 2023, in Washington.AP Photo/Evan Vucci
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President Joe Biden on Wednesday vetoed legislation that would have canceled his plan to forgive student debt.

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The measure had been pushed by Republicans, but it garnered a handful of Democratic votes in the Senate as well.

“It is a shame for working families across the country that lawmakers continue to pursue this unprecedented attempt to deny critical relief to millions of their own constituents,” Biden said in a statement when announcing his veto.

Despite the veto, Biden’s plan still isn’t secure. The U.S. Supreme Court, which is dominated by a conservative majority, is reviewing a legal challenge that could eliminate the program. A decision is expected this summer.

If enacted, Biden’s plan would forgive up to $20,000 in federal student loan debt for borrowers making less than $125,000 per year.

Student loan payments were paused at the beginning of the COVID-19 pandemic. However, they will resume in August for anyone whose debt is not wiped out by Biden’s plan.

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