Senate Overturns Biden’s Student Loan Cancellation Plan, Setting Up Veto

The U.S. Senate voted to overturn President Joe Biden’s student debt transfer program on June 1, rebuking his efforts to bypass Congress and cancel the debt of certain student loan recipients.
The chamber passed the joint resolution of disapproval in a 52–46 vote with the help of Sens. Kyrsten Sinema (I-Ariz.), Jon Tester (D-Mont.), and Joe Manchin (D-W.Va.).
“Today, I voted to repeal the Biden Administration’s student loan cancellation proposal because we simply cannot afford to add another $400 billion to the national debt,” Manchin said in a statement, citing a Congressional Budget Office estimate.
“There are already more than 50 existing student loan repayment and forgiveness programs aimed at attracting individuals to vital service jobs, such as teachers, health care workers, and public servants,” he noted. “This Biden proposal undermines these programs and forces hard-working taxpayers who already paid off their loans or did not go to college to shoulder the cost. Instead, we should be focusing on bipartisan student debt reforms that reduce the cost of higher education and help all Americans.”…}