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Federal appeals court rejects Biden bid to revive student loan bailout

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A federal appeals court ​turned aside the Biden administration’s attempt late Wednesday to put a hold on a Texas judge’s ruling blocking the White House plan to cancel hundreds of billions of dollars in federal student loans — the latest legal blow to the president. 
The three-judge panel from the New Orleans-based 5th Circuit Court of Appeals — consisting of ​appointees of former Presidents Donald Trump, Barack Obama and George W. Bush — unanimously rejected the request to stay US District Judge Mark T. Pittman’s Nov. 10 order.
The court did not explain its reasoning but ordered that the administration’s appeal be heard on an expedited basis. ​
The lawsuit in the 5th Circuit was filed by the conservative Jobs Creator Network Foundation on behalf of two student loan borrowers excluded from the Biden debt cancellation plan.

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