Supreme Court cites Pelosi, rejects Biden’s student loan plan.
The Supreme Court Cites Nancy Pelosi in Ruling Against Biden’s Student Loan Forgiveness Plan
The Supreme Court has delivered a significant blow to President Joe Biden’s ambitious student loan forgiveness plan, citing a statement made by Speaker Emerita Nancy Pelosi (D-CA). In a 6-3 ruling, the high court invalidated Biden’s proposal to eliminate $400 billion in student debt. Chief Justice John Roberts, in the majority opinion, referenced a speech Pelosi gave during a press conference in July 2021.
“As then-Speaker of the House Nancy Pelosi explained: ‘People think that the President of the United States has the power for debt forgiveness. He does not. He can postpone. He can delay. But he does not have that power. That has to be an act of Congress,'” Roberts wrote.
The Supreme Court has been deliberating on the constitutionality of Biden’s plan for several months following lawsuits filed by six Republican-led states. These states argued that the president had overstepped his legal authority when implementing the program in August of last year, which aimed to cancel up to $20,000 in debt for individuals with federal student loans.
Biden had asserted that he possessed the authority to eliminate student loans through the Higher Education Relief Opportunities for Students Act of 2003, also known as the HEROES Act.
Student loan payments were initially paused at the onset of the COVID-19 pandemic, and this pause has been extended multiple times throughout the Trump and Biden administrations. However, after a three-year moratorium, interest will begin accruing on September 1, and payments will be due starting in October.
The Washington Examiner has reached out to Pelosi’s office for comment.
GOP Shift from Free Trade is Irreversible, Trump Trade Representative Lighthizer Says
In other news, former Trump Trade Representative Robert Lighthizer has stated that the Republican Party’s departure from free trade policies is irreversible. This statement underscores the significant shift in the party’s stance on trade, which has been a defining feature of the Trump era.
For more details on these developments, click here to read more from the Washington Examiner.
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