Birdwatch Note Rating
2023-06-30 18:04:25 UTC - HELPFUL
Rated by Participant: 10F2B4043A360FE8806A1950FD216E1608CBA3BC88A23334F8B4059EA1E8C692
Participant Details
Original Note:
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
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