Shark Tank's Kevin O'Leary slams the White House for another round of student loan handouts, calling it 'unfair' and 'un-American' for tax-payers to foot the bill.
'Shark Tank' host and business leader Kevin O'Leary railed against the Biden administration's latest round of student debt handouts after the White House announced it would relieve debt for more than 160,000 borrowers. 'I hate this, I really, really hate this,' O'Leary said Wednesday on 'The Story.' 'This is a very difficult pill to swallow for people that understand when you borrow money you have to pay it back,' he added.
Last year, the Supreme Court ruled that the Biden administration overstepped its authority in 2022 when it announced it would cancel up to $400 billion in student loans. President Biden has since made new efforts to wipe out student debt, but Republican states have filed lawsuits challenging those initiatives. Fox Business' Landon Mion contributed to this report.
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