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In a 6-3 decision, the court’s conservative majority rejected President Biden’s plan to cancel more than $400 billion in student loan debt for millions of borrowers. It would have been one of the most expensive executive actions in U.S. history.
The administration faces a conservative court that has insisted that government initiatives with major political and economic consequences be clearly authorized by Congress.
The justices left in place an injunction blocking the Biden administration’s authority to forgive up to $20,000 in debt per borrower.