Senate blocks Biden's student loan relief plan, causing stock market surge.

The Senate passed a resolution to repeal President Biden's plan to offer up to $20,000 in federal student loan debt relief, which is expected to be vetoed by the president. The resolution was introduced by Republicans and passed with a 52-46 vote, with two moderate Democrats and an independent voting in favor. The plan has been tied up in the courts for months, and a Supreme Court ruling is expected by early July. The Senate also passed a bipartisan bill to lift the national debt ceiling, setting the date for resuming federal student loan repayments after August 29.