Federal appeals court blocks all of Biden's student loan debt handout plan

A federal appeals court on Thursday issued a ruling that blocks the Biden administration from continuing to implement a new version of its student loan debt handout plan that is designed to reduce monthly payments for borrowers.

The U.S. Eighth Circuit Court of Appeals granted a request by seven Republican states to block portions of the Education Department's plan that a lower court judge hadn't previously blocked.

Last month, a U.S. District Court in St. Louis blocked the agency...