The Daily Will the Supreme Court Let Biden Cancel Student Debt?
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Mar 2, 2023 President Biden's bold plan to cancel $400 billion in student debt faces scrutiny from the Supreme Court. Legal experts debate whether he has the authority under the HEROES Act, with justices expressing skepticism over its fairness. Protests from those burdened by loans highlight public support, while concerns about taxpayer implications loom large. The podcast also touches on parallel protests in Israel, showcasing global unrest over government actions. Tune in for a deep dive into the legal and political ramifications of this pivotal case.
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Pandemic and Student Loans
- President Trump paused student loan repayments and interest accrual during the pandemic using the HEROES Act.
- President Biden extended the pause and later announced loan forgiveness, going a step further.
Major Questions Doctrine
- The major questions doctrine requires Congress to clearly authorize significant executive actions, especially those with large economic stakes.
- The doctrine emphasizes Congress's role in approving major spending decisions.
States' Argument
- The states argued that the Biden administration's loan forgiveness plan was a completely different approach than the pandemic pause.
- They claimed the HEROES Act didn't authorize such broad forgiveness.