Defeat for Biden as U.S. Supreme Court rejects plan to cancel $400B in student loans

By WNews 1 Min Read

The U.S Supreme Court handed President Joe Biden a painful defeat on Friday, blocking his plan to cancel $430 billion US in student loan debt — a move that had been intended to benefit up to 43 million Americans and fulfil a campaign promise.

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

Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina challenged

Share This Article
By WNews
Follow:
WNews bring the latest news in an objection, balance and honest.
Leave a comment
Reading: Defeat for Biden as U.S. Supreme Court rejects plan to cancel $400B in student loans

(C) 2012 – 2024  | WNews Broadcasting Corp, a W-World Company | All Rights Reserved

Connect
with Us

Report a Error with this Story

Notice a error or facts with this story, please submit the information below and someone from our newsroom will review it and change if required