The U.S. Senate will consider a joint resolution to overturn President Joe Biden’s student debt relief plan.
In a 51–46 vote, the chamber approved a motion to take up the resolution on May 31, opening the door to a congressional rebuke and nullification of Biden’s one-time student loan forgiveness program.
The resolution, H.J. Res. 45 (pdf), passed the House of Representatives on May 24 in a 218–203 vote, during which two Democrats joined with 216 Republicans in condemning the president’s plan to extend a pause on federal student loan repayment and “cancel” the debt of certain federal student loan recipients.
According to the Congressional Budget Office, the program is projected to cost taxpayers roughly $400 billion over the next decade….