White House threatens to veto Republican bill thwarting student-debt relief

President Joe Biden is threatening to veto a House resolution that aims to dismantle his student-debt relief plan, which is currently ensnared in legal challenges.

The Republican-led House Education and the Workforce committee, in a party-line vote, approved a resolution earlier this month to nullify the Biden administration's plan to allow for a one-time cancellation of as much as $20,000 in student loan debt and to reduce monthly repayments based on income.

The administration called the measure "an unprecedented attempt to undercut our historic economic recovery" in a Monday statement. It could head to the House floor as soon as this week, with the chamber's Rules Committee set to consider the legislation Monday.

Read more: Student loan forgiveness in limbo: What you should know

The GOP resolution relies on a law known as the Congressional Review Act, which lets Congress overturn actions by federal agencies. 

Although the bill is likely to pass the GOP-controlled House, it's all but certain to stall in the Senate, where Democrats hold a narrow majority. 

The student-loan forgiveness program has faced legal challenges since the White House announced it in August, prompting the Supreme Court to take up the matter. 

The conservative-majority bench expressed clear skepticism of the program during oral arguments in February. A ruling by the high court is expected by late June, when the court takes a recess. Legal experts widely expect the plan to be struck down.

--With assistance from Jarrell Dillard