Supreme Court Throws Out Biden’s Student-Loan Relief Plan (3)

The US Supreme Court tossed out President Joe Biden’s plan to slash the student debt of more than 40 million people, rejecting one of his signature initiatives as exceeding his power.

The justices, voting 6-3 along ideological lines, sided with six Republican-led states that sued to challenge the program, which by one estimate would have cost $400 billion over 30 years.

Writing for the court, Chief Justice John Roberts said the administration was “seizing the power of the legislature” by trying to cancel so much student debt.

The US Supreme Court tossed out President Joe Biden’s plan to slash the student debt.

Source: Bloomberg

Biden is likely to face renewed pressure from lawmakers and loan-relief ...