Biden proposes new measures for student loan relief after Supreme Court defeat

By Steve Holland and Jeff Mason WASHINGTON (Reuters) -President Joe Biden on Friday announced new measures to provide student loan relief to Americans and condemned the U.S. Supreme Court for blocking a plan to cancel hundreds of billions of dollars in debt that was popular with his voters. Thwarted by the conservative-leaning court, Biden told reporters that his administration would pursue student loan relief through a different avenue, the Higher Education Act. The Education Department launched a regulatory "rulemaking" process that is likely to take months. In a 6-3 decision earlier on Frid...