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Economic news

US appeals court blocks all of Biden student debt relief plan

07/18/2024

Less than a minute

2024.07.18 14:39

© Reuters. FILE PHOTO: U.S. President Joe Biden speaks as he announces a new plan for federal student loan relief during a visit to Madison Area Technical College Truax Campus, in Madison, Wisconsin, U.S, April 8, 2024. REUTERS/Kevin Lamarque/File Photo

(Reuters) – A federal appeals court on Thursday blocked President Joe Biden’s administration from continuing to implement a new student debt relief plan designed to lower monthly payments for millions of Americans.

The St. Louis-based 8th U.S. Circuit Court of Appeals granted a request by seven Republican-led states to put on hold parts of the U.S. Department of Education’s debt relief plan that had not already been blocked by a lower-court judge.

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07/18/2024

Less than a minute