Supreme Court blocks student loan forgiveness
in blow to Biden.
Washington — The Supreme Court on Friday invalidated President Biden's student loan forgiveness plan, ruling that a 2003 federal law does not allow the program to wipe out nearly half-a-trillion dollars in debt.
The 6-3 decision by the court's conservative majority derails a major campaign pledge from the president, denying relief to roughly 40 million Americans who stood to have up to $20,000 in student debt wiped away under the plan.
In a statement, the president said...he will address the nation Friday afternoon and lay out "more detail on...the next steps my Administration will take."
Strong echoes of the 1930's when the Court struck down early New Deal legislation. Now, as then, the Court was seriously out of touch with popular opinion and gravely wounded itself, relenting only when President Roosevelt threatened his court-packing plan.
