Economic news
Federal court extends block on Biden’s student debt relief plan
2024.08.09 17:45
WASHINGTON (Reuters) – A federal appeals court on Friday extended an order blocking President Joe Biden’s administration from further implementing a student debt relief plan designed to lower monthly payments for millions of borrowers and speed up loan forgiveness for some.
The St. Louis-based 8th U.S. Circuit Court of Appeals largely granted an injunction pending an appeal requested by seven Republican-led states of a lower-court order that they said did not go far enough in blocking the U.S. Department of Education’s debt relief plan.
