{"id":1664833,"date":"2022-09-29T14:53:48","date_gmt":"2022-09-29T18:53:48","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1664833"},"modified":"2022-09-29T14:54:44","modified_gmt":"2022-09-29T18:54:44","slug":"six-republican-led-states-sue-to-halt-bidens-student-debt-cancellation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/six-republican-led-states-sue-to-halt-bidens-student-debt-cancellation\/","title":{"rendered":"Six Republican-Led States Sue To Halt Biden\u2019s Student Debt Cancellation"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsix-republican-led-states-sue-to-halt-bidens-student-debt-cancellation%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1664833&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Paul Grant<\/p>\n<p>WASHINGTON (Reuters)\u2014Six Republican-led states on Thursday filed a challenge to the Biden administration&#8217;s student loan cancellation program in federal court in Missouri on Thursday.<\/p>\n<p>In the lawsuit, Nebraska, Arkansas, Iowa, Kansas, Missouri, and South Carolina asked the court for an immediate temporary restraining order pausing the program.<\/p>\n<p>Prompt relief is being sought because the Biden administration has indicated it will start canceling loan balances as early as next week, Nebraska\u00a0Attorney\u00a0General\u00a0Doug Peterson said in a statement.<\/p>\n<p>The lawsuit comes two days after conservative group Pacific Legal Foundation filed a federal lawsuit with the intent of stopping President Joe Biden&#8217;s student loan cancellation plan.<\/p>\n<p>On Monday, the Congressional Budget Office said Biden&#8217;s plan to cancel some student loan debt will cost $400 billion.<\/p>\n<p>Biden said in August that the U.S. government will forgive $10,000 in student loans for millions of debt-saddled former college students, keeping a pledge he made in the 2020 campaign for the White House.<\/p>\n<p>Critics of the plan raised concerns over its inflationary impact, while the White House said it was fiscally justified because the federal deficit was on track to drop by $1.7 trillion reduction in the current fiscal year compared with the prior year. The smaller deficit is largely due to the end of many COVID-19 aid programs and unexpectedly higher revenues.<\/p>\n<p>As of June 30, 43 million borrowers held $1.6 trillion in federal student loans. About $430 billion of that debt will be canceled, the CBO estimated. The CBO previously projected that some of the funds canceled by Biden&#8217;s action would eventually have been forgiven anyway.<\/p>\n<p>(Reporting by Paul Grant; Editing by Tim Ahmann)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON (Reuters)\u2014Six Republican-led states on Thursday filed a challenge to the Biden administration&#8217;s student loan cancellation program in federal court in Missouri on Thursday.<br \/>\nThe post Six Republican-Led States Sue To Halt Biden\u2019s Student Debt Cancellation appeared first on Washington Free Beacon.<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1664833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1664833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1664833"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1664833\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1664833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1664833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1664833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}