Supreme Court blocks Biden student loan forgiveness

  • by:
  • Source: Reuters
  • 06/30/2023
The U.S Supreme Court handed President Joe Biden a painful defeat on Friday, blocking his plan to cancel $430 billion in student loan debt - a move that had been intended to benefit up to 43 million Americans and fulfill a campaign promise.

The justices ruled against Biden in a 6-3 decision favoring six conservative-leaning states that objected to the policy. The court's action dealt a blow to the 26 million U.S. borrowers who applied for relief after Biden announced the plan in August 2022 and represented a political setback for the Democratic president.

Chief Justice John Roberts, joined by the court's five other conservative members, wrote the ruling. The court's three liberals dissented.

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Source: Reuters
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