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President Trump with Secretary of Education Betsy DeVos and Secretary of Agriculture Sonny Perdue on March 2. Photo: Drew Angerer/Getty Images

President Trump moved to protect regulations issued by Education Secretary Betsy DeVos that restrict federal student loan forgiveness in a veto issued Friday night.

The big picture: Several veterans' groups have argued that the rules, which make it more difficult for student borrowers to prove that a college defrauded them, will harm former service members cheated by for-profit colleges, the New York Times reports.

What they're saying: Trump said the vetoed legislation "sought to reimpose an Obama-era regulation that defined educational fraud so broadly that it threatened to paralyze the Nation’s system of higher education."

  • "@realDonaldTrump's decision today to veto the #bipartisan resolution, against the request of 3 dozen veterans organizations, is a blow to #veterans, #servicemembers & their families," the advocacy organization Veterans Education Success tweeted Friday.

What's next: The new rules are expected to go into effect on July 1, per the Times.

Go deeper: DeVos urged by 51 AGs to cancel disabled veterans' student debts

Go deeper

Former D.C. Guard alleges Army Generals lied about Jan. 6 response

Members of the National Guard and Capitol police keep a small group of pro-Trump demonstrators away from the Capitol following the insurrection on Jan. 6. Photo: Spencer Platt/Getty Images

A former D.C. National Guard official has alleged that top Army generals "lied" to Congress in their testimony on the U.S. Capitol riot, Politico first reported Monday.

The big picture: Col. Earl Matthews, who was serving on Jan. 6, alleges in a memo that the official version on the military response is "worthy of the best Stalinist or North Korea propagandist" and that the Pentagon inspector general's November report on it features "myriad inaccuracies, false or misleading statements, or examples of faulty analysis."

Toyota to build $1.3 billion U.S. battery plant in North Carolina

The all-electric Toyota bZ4X, the company's first battery-electric vehicle, at the Los Angeles Auto Show in Los Angeles, California on Nov. 17. Photo: Frederic J. Brown/AFP via Getty Images

Toyota announced Monday it's investing $1.3 billion to construct an electric vehicle battery "megasite" near Greensboro, North Carolina, set to open in 2025.

Why it matters: Toyota's Prius hybrid won environmental plaudits when it launched in 1997, but it has since lost ground to electric vehicle world leader Tesla, per Axios' Joann Muller. This battery plant will be the first to produce automotive batteries for Toyota in North America.

6 hours ago - Politics & Policy

Congress hunts for shortcut to pass defense funding, debt limit combo

Senate Majority Leader Chuck Schumer returned to his office Monday. Photo: Anna Moneymaker/Getty Images

The scramble in Congress to pass the National Defense Authorization Act is being complicated by an effort to tie it to a needed hike in the federal debt limit.

Why it matters: The House and Senate are rapidly coming up against a series of deadlines they must address before the end of the year — or risk disrupting crucial military funding and upending the economy. Congressional leaders are now hoping they can knock out both "must-pass" priorities in one, complex swoop.