President Joe Biden on Friday condemned a ruling by the Supreme Court that blocked his plan to cancel $430 billion in student loan debt and a White House source said he would announce new actions to protect student loan holders later in the day.
"This fight is not over. I will have more to announce when I address the nation this afternoon," he said in a statement. "But I will stop at nothing to find other ways to deliver relief to hard-working middle-class families. My Administration will continue to work to bring the promise of higher education to every American."Biden's plan to cancel $430 billion in student loan debt. The ruling, which was welcomed by Republicans, is a blow to the Democratic president.
"The President has more tools to cancel student debt - and he must use them," Democratic Senator Elizabeth Warren, a leading progressive voice, said on Twitter. Progressive House Democrat Alexandria Ocasio-Cortez urged Biden to use authorities under the Higher Education Act to continue loan forgiveness before payments resume. "We still have the power to cancel and must use it, or we’re looking at an economic crisis for millions of people," she said on Twitter.
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