Birdwatch Archive

Birdwatch Note

2023-06-30 17:29:12 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

The President alone does not have the authority to forgive student loan debt; it takes an act of Congress to take funds from the US Treasury. https://www.law.cornell.edu/constitution-conan/article-1/section-9/clause-7/appropriations-clause By the same token, the CARES act (overseeing PPP Loans and their forgiveness) was passed by Congress. https://crsreports.congress.gov/product/pdf/R/R46397

Written by 4ABE6203F10279A89C2A3C09E70B746A68D327698E0FC5F06B79365FFE86469B
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• noteAuthorParticipantId - 4ABE6203F10279A89C2A3C09E70B746A68D327698E0FC5F06B79365FFE86469B Participant Details
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• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
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• summary
• The President alone does not have the authority to forgive student loan debt; it takes an act of Congress to take funds from the US Treasury. https://www.law.cornell.edu/constitution-conan/article-1/section-9/clause-7/appropriations-clause By the same token, the CARES act (overseeing PPP Loans and their forgiveness) was passed by Congress. https://crsreports.congress.gov/product/pdf/R/R46397