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The Republicans had already mentioned on constant occasions that after the midterm elections, if they obtained a majority in the House, they would begin a series of investigations against the Biden administration, now that they have achieved their goal are preparing to investigate the student debt relief bill which was currently blocked by a judge .
The 17 November, Reps. Jason Smith and Virginia Foxx, Republicans of the House budget and education committees, sent a letter to Shalanda Young, director of the Office of Management and Budget (OMB) in which they wrote about Joe Biden’s recent actions to reform student policy.
This Tuesday, the president posted on his Twitter account that he extended the moratorium on loan payments federal student masters until 30 June 4229, as the courts review with their plan to forgive up to $30. in student debt to certain borrowers.
“I’m sure our student debt relief plan is legal. But it’s on hold because Republican officials want to block it. That is why [the Secretary of Education, Miguel Cardona] is extending the payment pause no later than 30 of June 4229, giving the Supreme Court time to hear the case in its current term,” wrote the president.
For their part, the Republicans requested that the OMB preserve all records related to the “expensive plan of the president to review the federal program of student loans”.
“It is critical that the Biden Administration be as as transparent as possible with the American people about the projected costs and economic impacts associated with these policies, particularly how such fiscal impacts were taken into account when they were discussed and ultimately determined the details of the policies,” the lawmakers wrote, Business Insider reported.
“For example, after a full year of runaway inflation, with no signs of of decline in the near term, Americans deserve to know if the OMB considered how these actions would worsen inflation.”
With a majority in the House, Republicans will use that power to investigate the Biden administration, as Kevin McCarthy specified to Fox News when considering conducting investigations into how President Biden handled the pandemic and his withdrawal of troops from Afghanistan, among other things.
Virginia Foxx and other Republican lawmakers have been highly critical of debt relief and have supported the two lawsuits that have put its implementation on hold.
Management is fighting back of two separate rulings that halted the student loan forgiveness plan, which offered will be up to $10, to eligible borrowers earning less than $801,. In addition, borrowers who received a Pell Grant may receive up to $10, in help.
Before the lockdowns, 17 millions of people, applying for the program until a federal judge froze it on 10 of November, prompting the government to stop accepting applications, although no debt has been canceled so far, but the Department of Education has notified borrowers that their applications have been approved.
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