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Jim Salter/Associated Press

  • FILE - President Joe Biden speaks about student loan debt forgiveness in the Roosevelt Room of the White House, Aug. 24, 2022, in Washington. President Biden’s plan to forgive student loan debt for millions of borrowers lost another battle in court on Monday, Nov. 14, 2022 when a federal appeals court panel agreed to a preliminary injunction halting the program while an appeal plays out. (AP Photo/Evan Vucci, File)
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    Appeals court ruling keeps Biden student debt plan on hold
    Jim Salter/Associated Press
    President Joe Biden's plan to forgive student loan debt for millions of borrowers lost another battle in court on 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 8th 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 8th Circuit ruling as well.