U.S. Judge In Texas Strikes Down Biden Loan-Forgiveness Plan

A Texas federal judge blocked President Biden's loan forgiveness program, citing it as an unconstitutional exercise of Congress's legislative power. This decision affects millions of borrowers who applied for relief. The White House is appealing the ruling, emphasizing its commitment to helping working and middle-class Americans. The program was a key part of Biden's campaign and is now paused, impacting the administration's efforts post-midterm elections. The ruling has significant political implications, with the administration determined to continue fighting for the relief program.

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