President Biden has vetoed the bill that aims to cancel his $400 billion student loan handout despite Republican Congress' effort. He expressed his commitment that he would not back down to forgive the college debt of millions of people across the country. Biden also added that nearly 90% of those relief dollars go to people making less than $75,000 a year. The president made no mention of the two Democratic senators, Joe Manchin, Jon Tester, and Independent Arizona Senator Kyrsten Sinema, who voted in favor of advancing the bill.

He went on to criticize some of the members who voted for the bill who had received loans to keep their small businesses afloat during the pandemic and supported huge tax cuts for corporations and wealthy individuals as well. It's his fifth veto since taking office, and he remains committed to his effort to help tens of millions of working and middle-class families. Biden announced last year that the program would cancel up to $10,000 in student loans for people making less than $125,000 and up to $20,000 for students who received Pell Grants. However, a court blocked the program, putting it on hold.

Under the Congressional Review Act, the House and Senate passed a resolution disapproving of that policy, which allows Congress to reject the executive branch's policy. However, because of the mostly partisan votes in the House and Senate, it is unlikely that Congress can reach a two-thirds majority in each chamber to override Biden's veto. He had vowed to use all his executive power to ease people's financial problems, but his plans are facing challenges from his opponents.

President Biden has vetoed the bill that aims to cancel his $400 billion student loan handout despite Republican Congress' effort. He expressed his commitment that he would not back down to forgive the college debt of millions of people across the country. Biden also added that nearly 90% of those relief dollars go to people making less than $75,000 a year. The president made no mention of the two Democratic senators, Joe Manchin, Jon Tester, and Independent Arizona Senator Kyrsten Sinema, who voted in favor of advancing the bill.
He went on to criticize some of the members who voted for the bill who had received loans to keep their small businesses afloat during the pandemic and supported huge tax cuts for corporations and wealthy individuals as well. It's his fifth veto since taking office, and he remains committed to his effort to help tens of millions of working and middle-class families. Biden announced last year that the program would cancel up to $10,000 in student loans for people making less than $125,000 and up to $20,000 for students who received Pell Grants. However, a court blocked the program, putting it on hold.
Under the Congressional Review Act, the House and Senate passed a resolution disapproving of that policy, which allows Congress to reject the executive branch's policy. However, because of the mostly partisan votes in the House and Senate, it is unlikely that Congress can reach a two-thirds majority in each chamber to override Biden's veto. He had vowed to use all his executive power to ease people's financial problems, but his plans are facing challenges from his opponents.

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