Over the last two years, Republicans argued that President Biden, who made a campaign promise to cancel student debt, does not have legal authority to fulfill that pledge, insisting that the tens of millions of Americans currently crushed by student loans should be forced to pay them down. But now, amid new reports that Biden is considering a partial jubilee, Republicans are backing a bill that would prevent the president from pulling the trigger – a tacit acknowledgment Biden appears to have the power to finally make good on his promise.
On Wednesday, five Senate Republicans introduced the "Stop Reckless Student Loans Action Act," a measure that would end Biden's ability to continue suspending debt payments (for debtholders of a certain income) and prohibit the president from canceling the debt altogether in the case of a national emergency.
