I'm Ben Myselis from the Midas Touch Network and this is a breaking news alert.

So last week we talked about the surprising and very upsetting ruling by the 8th Circuit,

Court of Appeals, which granted an administrative stay motion filed by a number of Republican

states, including the state of Nebraska, temporarily halting the Biden administration's ability

to discharge debt under the Student debt cancellation program.

And in the order by the 8th Circuit Court of Appeals, they set an expedited briefing

schedule for the Department of Justice to submit their briefs and for the Republican

lead states to submit their briefs challenging the district courts ruling, where the district

court, which was in the Eastern District of Missouri, and it was a George W. Bush appointee

district court judge who actually made the ruling, who found that these Republican lead

states did not have standing to bring lawsuits trying to stop or block or enjoin the Biden

debt student debt cancellation program.

And just to remind you of what this lawsuit is about on September 29th of 2022, six Republican

lead states, Nebraska, Missouri, Arkansas, Iowa, Kansas, and South Carolina brought lawsuits

in the Eastern District of Missouri.

They all joined in on the same lawsuit.

And they alleged that they were harmed because their tax revenue would be decreased because

they would be collecting less taxes from their taxpayers based on Biden cancelling debt.

And this didn't really make all that much sense because in these states, discharge debt

was not taxable as income yet with these states, argued that it could be taxable as income.

And they also argued that a number of collection agencies that would go after students if they

didn't pay their debt that their revenues would be decreased also, which would in term

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