SCOTUS: Biden Student Loan Forgiveness Plan
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 28 February 2023
⏱️ 8 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | Good morning. Today is Tuesday, February 28th, and I'm your host Julie Morgan. |
| 0:12.0 | The Supreme Court is said to hear arguments today about President Biden's Student Loan |
| 0:17.1 | Debt Forgiveness Program. |
| 0:19.0 | Six states say the President exceeded his legal authority when he implemented the program last August. |
| 0:25.0 | Altria is trying again. |
| 0:27.0 | Altria is reportedly in advance talks to acquire e-cigarette maker and Joy. |
| 0:32.0 | The jewel property is expected to be fully divested if |
| 0:35.2 | Altria finalizes a deal for enjoy. And Disney looks a little different in the |
| 0:40.9 | state of Florida after Governor Ron De Desantis signs a bill that gives |
| 0:44.9 | the state control over the kingdom self-governing district. Our top story. The |
| 0:51.1 | Supreme Court is set to hear arguments over President Biden's student loan forgiveness program in a lawsuit which was filed by six states, Missouri, Nebraska, Iowa, Arkansas, Kansas, and South Carolina. |
| 1:04.0 | The states argue that President Biden |
| 1:06.0 | does not have the legal authority to cancel |
| 1:08.6 | the student loan debt of millions of Americans. |
| 1:11.7 | President Biden made the announcement last August of a plan to forgive $10,000 of student loan |
| 1:17.8 | debt for borrowers who earn less than $125,000 a year, and Pell Grant recipients would get up to $20,000 of loans held by the Department |
| 1:27.6 | of Education forgiven. |
| 1:29.6 | Sixteen million people have already been approved for the program and millions more have applied, |
| 1:35.2 | but no money has been paid out and the program is on hold until the Supreme Court rules. |
| 1:41.5 | The corporate kingdom finally comes to an end. |
| 1:44.0 | Those words from Florida Governor Ron DeSantis after he signed a bill |
... |
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