Supreme Court blocks Biden plan to forgive student loan debt


WASHINGTON − The Supreme Court on Friday dashed President Joe Biden’s plan to wipe out student loan debt for 26 million Americans, ending a program that was intended to ease the financial burden on families in the latest significant ruling from the high court that curbs a president’s power to act alone.

In one of the most closely followed cases before the court, with sweeping implications for the balance of power in Washington and the household finances of millions of families, a majority ruled that the Biden administration overstepped its power by attempting to forgive $400 billion in student loans lingering during the pandemic. 

Chief Justice John Roberts wrote the decision for a 6-3 court.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *