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Biden's Student Debt Relief May Sway Voters, But Will It Pass?

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February 28, 2023

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President Biden’s student loan forgiveness plan is a win for young voters. But will it pass? Bloomberg's Akayla Gardner explains.

Conservative US Supreme Court justices questioned the legality of President Joe Biden’s plan to slash the student debt of more than 40 million people in a high-stakes showdown over presidential power.

In the first of two cases the court is hearing Tuesday Justice Brett Kavanaugh suggested he is wary of expanding presidential powers during national emergencies. The Biden administration argues that the student loan forgiveness program is a response to the COVID-19 pandemic.

“Some of the biggest mistakes in the court’s history were deferring to assertions of executive or emergency power,” Kavanaugh said. “Some of the finest moments in the court’s history were pushing back against presidential assertions of emergency powers.”

Chief Justice John Roberts said the program will have enormous financial implications for millions of Americans, suggesting that Congress didn’t authorize the president to take such a major step unilaterally.

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President BidensBloomberg's Akayla GardnerConservative US Supreme CourtPresident Joe BidensTuesday Justice Brett KavanaughThe BidenChief Justice John RobertsBloomberg Originals Bloomberg Quicktake

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