Live Breaking News & Updates on Small Business Kid Doesn T
Stay updated with breaking news from Small business kid doesn t. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
like fox business that you demand it and you get it. the supreme court hearing arguments today the battle over forgiving students loan debt. the president says he has the authority to approve it. six republican-led states are moving to block it saying the costs will be passed to taxpayers. we have you covered with fox team coverage. shannon bream has more on where this stands legally and lydia hu on the potential impact from this financially. welcome. i m neil cavuto. this last trading day of february. more on that in a second. it was mixed. but right now, to the supreme court and shannon bream where it was loud. shannon? it was, neil. it was very busy. two hours turned into four hours for these arguments. two really big hurdles here. first is the issue of standing. you have the two sets of plaintiffs. you mentioned the states. there s some individual borrowers that say they will be negatively impacted if the plans plan goes through. so there s the first question of w ....
A lawn business and takes out a loan at that. the college guy has a chance at getting his loan wiped away. the small business kid doesn t. the government tells that person, you don t have to pay your loan. nobody is telling the person who is trying to set up the lawn service business that he doesn t have to pay his loan. he still does even though his tax dallas are going to support the forgiveness of the loan for the college graduate who is not going to make more than him over the course of his lifetime. so neil a loot of discussion about the fairness issue on the merits. the two cases are different but get to the core of the question whether the white house can through its administration with the stroke of a pen wipe out $400 billion in students loan principal that is still owed. we ll have a decision by late june. neil: okay. just as the next wave of kids are getting ready to start college in the fall. we ll see how that sorts out. meantime, there s been an argument that paying ....