The attempt by House Republicans to overturn President Joe Biden’s veto of a Congressional Review Act (CRA) resolution aimed at nullifying the president’s debt relief plan has failed with a vote of 221–206.
To successfully override Biden’s veto, it would have needed a two-thirds majority in both the House and the Senate, both of which initially passed the resolution.
Biden’s proposal would see the cancellation of up to $20,000 of student debt for around 37 million people—roughly costing taxpayers half a trillion dollars over the next decade.
Republican lawmakers argued the plan doesn’t “forgive debt,” but rather transfers it from the people who willingly took out the loans to those who never attended college or who have already repaid their loans….