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| Hi, it's Medora, again. It's a bah-humbug sort of day for millions of Americans who were banking on student loan forgiveness this holiday. |
| A federal appeals court unanimously granted on Monday a nationwide injunction temporarily barring the Biden administration's student loan debt relief program. Twenty-six million Americans had already applied for debt cancellation. |
| "The injunction will remain in effect until further order of this court or the Supreme Court of the United States," the panel of appeals court judges wrote in the ruling. |
| This latest ruling is seen as a more substantial setback for the president's policy than the interim pause last week from the Eighth Circuit, which temporarily barred discharging any debt under the program until the court had more time to consider its next steps. The latest ruling suspends the program while the case continues, which could be many months. |
📰 More stories you shouldn't miss 📰 |
| Don't let uncertain times derail you: As layoffs and recession fears mount, will employers suspend their 401(k) match? |
| Priceless stinky old shoes, but only if Steve Jobs wore them: |
| Steve Jobs' 1970s Birkenstocks auctioned for highest price ever paid for a pair of sandals |
| Kinda sickening: Sick profits: Private equity's stealthy takeover of health care in multiple cities, specialties |
🍔 Today's Menu 🍔 |
| Out with the filet! In with the chicken! Don't worry, though. We're still keeping the bacon. Chicken mignon with harissa butter and bacon looks fancy, tastes delicious and is so easy |
About The Daily Money |
| Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. |
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