Page 3 - Plan Biden News Today : Breaking News, Live Updates & Top Stories | Vimarsana

President biden has laid out plan b to provide student loan relief to borrowers. >> his original plan was blocked by the supreme court in a 6-3 decision. cnn white house reporter jasmine wright joining us now. good morning to you, jasmine. what more do we know about this new plan biden laid out right after this ruling came down? >> reporter: yeah, amara. yesterday president biden made it very clear he felt the supreme court misinterpreted the constitution when they struck down his student debt forgiveness program. frankly, he thought they got it wrong. he said while they closed one path, he's ...

Supreme court like this one has done more to take away basic rights, so those are two things we can expect president biden to say in the coming months as they try to put this new path toward student loan forgiveness in place. but, again, it could take months. victor, amara? >> jasmine, thank you very much. let's bring in cnn legal analyst and criminal defense attorney joey jackson and errol louis, cnn analyst. it basically giving them this year-long grace period to pay back the loans among other things. does biden have another or other powers available to wipe debt balances clean? >> yeah, w...

Million borrowers who were estimated to be impacted by the now struck down law. the president said in the meantime he's going to do two things. first he said it's going to be about income-based repayments, and secondly, he's 's going to provide a 12-month plan to get payments reacclimated. while the interest will accrue over the period, the white house and education department says if borrowers miss a payment, their credit wouldn't be downgrade and they won't go into default during that grace period. also what we saw president biden do is slam down a growing republican talking point that was a...

Court saying that the president has gone too far, but i just think that based upon, again, reading any reasonable reading of the legislation and any reasonable region of what the president did initially would seemingly pass muster. so fashioning remedies moving forward, the administration's going to have to be careful not to run afoul of the activist court and the ability to strike down biden and the debt-borrowing country. >> this goes against biden's campaign promise and signature. we heard errol say he didn't give voter false hope, but did he by promising this on the campaign trail? >> he s...

What i did, i felt, was appropriate and was able to be done and would get done. i didn't give borrowers false hope, but the republicans snatched away the hope they were given. >> reporter: now, that last point, i think, is going to be very important going forward when he said that republicans snatched away hope, the president did, because he said earlier that he felt the republicans snatched away any hope and that it made borrowers angry. the white house and president himself are going to try to harness that anger as they march toward the 2024 re-election campaign, trying to make the case in p...