Economic news
U.S. appeals court temporarily blocks Biden’s student loan forgiveness plan
2022.10.21 19:17
© Reuters. U.S. President Joe Biden delivers remarks about the student loan forgiveness program from an auditorium on the White House campus in Washington, U.S., October 17, 2022. REUTERS/Leah Millis
(Reuters) – A U.S. appeals court on Friday temporarily blocked President Joe Biden’s plan to cancel billions of dollars in student debt.
The 8th U.S. Circuit Court of Appeals sided with six Republican-led states which had requested the student loan forgiveness plan be halted until court proceedings for an injunction are completed.
