Senate blocks Biden's student loan forgiveness plan, Navient and other stocks rise.

The Senate has passed a Republican-led resolution to strike down President Biden's plan to forgive more than $400 billion in student loans, which would also restart loan payments for tens of millions of borrowers that have been on pause since early in the coronavirus pandemic. The resolution would prevent the Education Department from pursuing similar policies in the future. Biden has promised to veto the bill, but the vote in the Senate shows the divisiveness of the student loan policy and the difficulty of getting any future plan through Congress.