President Biden, like his predecessor, is using emergency powers to spend money without asking Congress for approval, as the Constitution envisioned. greg_ip explains.
President Biden said his administration would forgive up to $20,000 in federal student loan debt for tens of millions of Americans.
Independent estimates suggest the plan will cost up to $500 billion over 10 years. Photo: Evan Vucci/APIn 2019, when Congress refused to pay for a wall on the Mexican border, then-President Donald Trump declared a
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Student Debt Plan Carves Bigger Hole in Congressional Fiscal AuthorityPresident Biden, like his predecessor, is using emergency powers to spend money without asking Congress for approval, as the Constitution envisioned. greg_ip explains.
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