Today news
About the same in other media
Student Debt Plan Carves Bigger Hole in Congressional Fiscal Authority
Reading now: 544
wsj.comIn 2019, when Congress refused to pay for a wall on the Mexican border, then-President Donald Trump declared a national emergency and announced he would build the wall with money earmarked for other purposes. Democrats accused him of trampling on the Constitution’s separation of powers. The move “clearly…violates the Congress’s exclusive power of the purse,” House Speaker Nancy Pelosi (D., Calif.) declared. Some Republicans warned that a future Democratic president could use the same tactic to fund his or her own priorities.
They were right. Last week President Biden declared that under a 2003 law, a national emergency—in this case Covid-19—empowers him to cancel student debt for up to 27 million people.
Read more on wsj.comAbout this in other media
China tells banks to check exposure to debt-laden Fosun conglomerate theguardian.com /2 years ago
Southern Water to use debt collectors against customers boycotting payment theguardian.com /2 years ago
Aston Martin’s shares slide as it discounts rights issue in debt battle theguardian.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
