A federal appeals court on Monday issued a nationwide injunction temporarily barring the Biden administration's student loan debt relief program.
Federal appeals court blocks Biden student debt relief program nationwide
11/14/2022
The ruling by 8th Circuit Court of Appeals in St. Louis came after the states of Arkansas, Iowa, Kansas, Missouri, Nebraska, and South Carolina argued in a lawsut that the loan relief program threatens their future tax revenues, and that plan circumvents congressional authority.
"The injunction will remain in effect until further order of this court or the Supreme Court
of the United States," a three-judge panel of the appeals court said in its ruling.
+With Unusual Whales
Get the best broker for options trading and earn Unusual Whales discounted! in cash with an eligible account deposit at tastytrade. Get an Unusual Whales bonus when you deposit $2000. Offer expires 3/31/25. Certain restrictions, terms and conditions apply.