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Speaker Kevin McCarthy said on Sunday that the student loan payment pause is \u201cgone\u201d in the debt ceiling deal announced by the California Republican and President Biden late Saturday night. <\/p>\n
\u201cThe pause is gone within 60 days of this being signed. So that is another victory because that brings in $5 billion each month to the American public,\u201d McCarthy told anchor Shannon Bream on \u201cFox News<\/a> Sunday.\u201d<\/p>\n McCarthy\u2019s remarks came after he and Biden came to an agreement in principle late Saturday to cap spending and raise the debt ceiling. <\/p>\n \u201cWhat the president did, he went unconstitutionally and said he was going to waive certain people part of their debt for student loan, but then he paused everybody\u2019s student loan. So everybody who borrowed a student loan within 60 days of the signing is going to have to pay that back,\u201d McCarthy said on Sunday. <\/p>\n \u201cThe Supreme Court is taking up that case. But if the Supreme Court came back and said that was unconstitutional, the president could still say he\u2019s pausing, not waiving it. But now that this is in law, the Supreme Court decision will have to be upheld, that they would have to pay,\u201d he added.<\/p>\n McCarthy said Saturday that the text of the bill could be released Sunday, with a vote expected in the House as soon as Wednesday. <\/p>\n<\/div>\n Copyright 2023 Nexstar Media<\/a> Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n If you want to read more News articles, you can visit our News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n
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