U.S. President Joe Biden plans to announce on Wednesday that his administration has approved an additional $9 billion in student debt relief for 125,000 borrowers, the White House said.

Biden has said he will pursue new measures to provide student loan relief to Americans after the Supreme Court blocked his plan to cancel hundreds of billions of dollars in debt.

The president’s announcement, planned for 1 p.m. EDT at the White House, will bring the total approved debt cancellation by the Biden administration to $127 billion for nearly 3.6 million Americans, the White House said.

  • ImFresh3x
    link
    fedilink
    arrow-up
    44
    arrow-down
    2
    ·
    edit-2
    1 year ago

    How is it the result of “weak” Biden? How does a “stronger” president overrule the Supreme Court?

    • Fredselfish@lemmy.world
      link
      fedilink
      arrow-up
      5
      arrow-down
      19
      ·
      1 year ago

      He could’ve issued executive order to cancel all student debt. He didn’t he sat on his hands and shurg said fuck you to millions of young people and allow the corrupt Supreme Court overule him.

      • phillaholic@lemm.ee
        link
        fedilink
        arrow-up
        17
        arrow-down
        4
        ·
        edit-2
        1 year ago

        He could’ve issued executive order to cancel all student debt

        This isn’t universally true, and he’s said as much in many statements. Unlike the last administration, he’s having his lawyers review what can and can’t be done knowing that the courts are going to challenge everything he does and given their current slant won’t be kind to anything he does.

        https://sc.edu/uofsc/posts/2023/03/conversation_loans.php

        https://www.politifact.com/article/2021/jun/14/can-student-loan-debt-be-canceled-presidents-execu/

        • TheAndrewBrown@lemm.ee
          link
          fedilink
          English
          arrow-up
          11
          arrow-down
          1
          ·
          1 year ago

          Also, aren’t executive orders still subject to Supreme Court rulings? What would stop them from just overruling it again?

          • phillaholic@lemm.ee
            link
            fedilink
            arrow-up
            12
            arrow-down
            1
            ·
            1 year ago

            Nothing would stop them. He’s an experienced Politician that’s not giving up. He doesn’t get enough credit where it’s due.

            • whofearsthenight@lemm.ee
              link
              fedilink
              English
              arrow-up
              3
              ·
              1 year ago

              This is democrats since I’ve been alive. Reagan and Bush create wars and economic disasters, Clinton turns it around. Repeat for Bush Jr and then Obama who had to turn us around from the financial crisis beta. Trump comes in, completely mismanages a pandemic even though there was a literal playbook left for him, tanks the economy, and now Biden has to get it back on track and by objective measures is doing so. And then we have the continued pain points of things like high grocery prices that we’re all still really feeling that are again the result of Trump’s disastrous handling of the pandemic which basically gave these people an excuse to jack prices up as high as they wanted. Note how very few things have rebounded to pre-pandemic, and corp profits are at an all time high.

              There is legitimately not an economic argument to be made for republicans unless you’re a billionaire.

              • phillaholic@lemm.ee
                link
                fedilink
                arrow-up
                3
                ·
                1 year ago

                Not to mention intentionally creating legislation that falls apart financially after they assume a Democrat will come into power that they can immediately blame.