Supreme Court Rejects Biden’s Debt Forgiveness Plan

Posted on AllSides June 30th, 2023
From The Left
Kenny Holston/The New York Times

The Supreme Court ruled on Friday that the Biden administration had overstepped its authority with its plan to wipe out more than $400 billion in student debt, dashing the hopes of tens of millions of borrowers and imposing new restrictions on presidential power.

It was a resounding setback for President Biden, who had vowed to help borrowers “crawl out from under that mountain of debt.” More than 45 million people across the country owe $1.6 trillion in federal loans for college, according to government data, and the proposed debt cancellation,...

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https://www.nytimes.com/live/2023/06/30/us/student-loans-supreme-court-biden

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