Birdwatch Note Rating
2023-07-01 05:21:36 UTC - HELPFUL
Rated by Participant: 5EB348940336892F47E7221B75845FD9A17A5248DFCAD5BAAFFD2C15B78A11AD
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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