4.6 • 1.2K Ratings
🗓️ 25 May 2023
⏱️ 12 minutes
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On today’s Daily Signal Top News, we break down:
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0:00.0 | I'm Samantha Sherris. |
0:02.4 | I'm Virginia Allen. |
0:03.6 | And this is the Daily Signal Top News for Thursday, May 25th. |
0:07.4 | Here are today's headlines. |
0:11.5 | Two House Democrats voted with Republicans on Wednesday to pass a resolution aimed at |
0:26.0 | overturning President Joe Biden's student loan forgiveness plan. |
0:30.6 | Main Democrat Representative Jared Golden and Washington State Representative Marie |
0:35.3 | Gluzincamp Perez joined Republicans to pass the measure to 18 to 203. |
0:41.3 | As you recall, last year Biden announced a plan to forgive up to $10,000 of student loan |
0:47.4 | debt for all borrowers and up to $20,000 for Pell Grant recipients. |
0:53.3 | The total cost of the student loan forgiveness plan is estimated to total around $400 billion. |
1:00.7 | The resolution to stop the Biden's student loan forgiveness plan was brought under the |
1:05.0 | Congressional Review Act. |
1:06.8 | The Act allows Congress to stop the president's executive actions. |
1:11.0 | Virginia Representative Bob Good sponsored the resolution. |
1:14.6 | Good spoke about the need to stop Biden's student loan forgiveness plan and restart student |
1:19.1 | loan payments on the floor of the House Wednesday. |
1:22.8 | Congress must reclaim its power and act today to stop the unilateral action of President |
1:27.9 | Biden that exacerbating the higher education financial crisis. |
1:32.9 | Additionally, my resolution will do what should have been done a long time ago and the student |
1:37.9 | loan repayment pause that has already cost taxpayers $195 billion. |
1:44.7 | While the act passed easily through the House, it faces an uphill battle in the Democratic |
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