U.S. President Joe Biden plans to announce on Wednesday that his administration has approved an additional $9 billion in student debt relief for 125,000 borrowers, the White House said.

Biden has said he will pursue new measures to provide student loan relief to Americans after the Supreme Court blocked his plan to cancel hundreds of billions of dollars in debt.

The president’s announcement, planned for 1 p.m. EDT at the White House, will bring the total approved debt cancellation by the Biden administration to $127 billion for nearly 3.6 million Americans, the White House said.

    • Enigma@sh.itjust.works
      link
      fedilink
      English
      arrow-up
      83
      arrow-down
      3
      ·
      1 year ago

      That’s not his job, that’s congress’s job. He can propose a bill, but wtf is the point when the house doesn’t even have a speaker and the current majority hasn’t brought a single bill to the floor for a vote.

    • Ghostalmedia@lemmy.world
      link
      fedilink
      English
      arrow-up
      50
      arrow-down
      1
      ·
      1 year ago

      Fight to put a solid majority of Dems in Congress, and you’ll get that. President can’t constitutionally do that.

    • cosmic_slate@dmv.social
      link
      fedilink
      English
      arrow-up
      46
      arrow-down
      3
      ·
      edit-2
      1 year ago

      Unfortunately, Congress is the blocker. Biden can’t unilaterally declare a national minimum wage.

      The Biden administration can’t do much but they did institute a $15 min wage for federal contractors, one of very few tools available.

      Considering how far spread the federal contractors are, I’m guessing this might give some wage competition to rural areas with the limited employers who aren’t govt/fed contracting.

    • pimento64@sopuli.xyz
      link
      fedilink
      arrow-up
      44
      arrow-down
      3
      ·
      1 year ago

      I got fined by the city for violating the ordinance against having my trash bin sitting in the street. THANKS SLEEPY JOE!

      —You

      In case you weren’t aware, the President isn’t allowed to draft and ratify his own legislation.

      • thefartographer@lemm.ee
        link
        fedilink
        English
        arrow-up
        8
        arrow-down
        30
        ·
        1 year ago

        Choo choo!!! It’s a gravy train! Cuz gravy will be the most fancy thing you’ll ever be able to afford again.

        • Sharkwellington@lemmy.one
          link
          fedilink
          arrow-up
          17
          arrow-down
          1
          ·
          1 year ago

          We are talking about a living wage. As in, working a job gives you enough money to survive. Are things really that fucked up that people making enough to live off of would wreck the economy? Let it burn, then.

          • thefartographer@lemm.ee
            link
            fedilink
            English
            arrow-up
            1
            ·
            1 year ago

            I think the person I replied to edited their comment. I could have sworn they said something about a train. Good God my reply makes me look like a monster…