Supreme Court Sinks Biden’s Student-Loan Forgiveness Plan

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 30 June 2023

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Supreme Court rejected the Biden administration’s plan to forgive student loans held by 40 million Americans, ruling that the plan was unconstitutional. Supreme Court correspondent Jess Bravin explains the decision and what it means for borrowers. Plus, despite all odds, markets rallied in the first half of the year. Markets reporter Akane Otani explains why and what to expect in the months ahead. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:47.4	And now on to today's show.
0:54.1	The Supreme Court strikes down President Biden's student loan forgiveness plan.
0:58.4	The president's plan was to cancel up to $20,000 in debt for some 40 million Americans.
1:04.3	That's not going to happen as envisioned by this administration.
1:08.1	And markets staged a monster rally in the first half of the year.
1:12.4	What's next?
1:13.3	The question a lot of investors are going to be asking, heading into the next couple of months,
1:17.3	is this going to be a 2023 story?
1:20.5	Or are we pushing off recession until even later than we anticipated?
1:25.5	It's Friday, June 30.
1:27.1	I'm Amary for Tolley for the Wall Street Journal.
	...

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