Student loan relief would be torpedoed by GOP debt ceiling bill

Posted on AllSides May 2nd, 2023
From The Left
Kent Nishimura/Los Angeles Times/Tribune News Service via Getty Images

House Republicans' debt ceiling proposal would slash President Biden's student loan relief plan and undercut potential future student debt relief programs.

Why it matters: While the legislation is expected to be dead on arrival in the Democratic-controlled Senate, it reflects the latest GOP challenge to Biden's sweeping student debt plan, a key promise to voters as he seeks re-election.

The White House has threatened to veto the bill.

Treasury Secretary Janet Yellen warned Monday that the U.S. could be unable to "continue to satisfy all of the government’s obligations" by...

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