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
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      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
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      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
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      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
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      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
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        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
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          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
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            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…