Student debt plan dealt another blow

President Biden’s plan to forgive student loan debt for millions of borrowers was handed another legal loss Monday when a federal appeals court panel agreed to a preliminary injunction halting the program while an appeal plays out.

The ruling by the three-judge panel from the Eighth U.S. Circuit Court of Appeals in St. Louis came days after a federal judge in Texas blocked the program, saying it usurped Congress’ power to make laws. The Texas case was appealed and the administration is likely to appeal the Eighth Circuit ruling as well.

The Congressional Budget Office has said the program will cost about $400 billion over the next three decades.

Mary Altaffer/Associated Press Ex-New York City Mayor Rudy Giuliani won’t face criminal charges in a probe over his dealings with Ukrainian figures.