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Supreme Court Justice Barrett could be swing vote on Biden student loan forgiveness plan - TL;DR CNBC

Supreme Court Justice Barrett could be swing vote on Biden student loan forgiveness plan

Publishing timestamp: 2023-03-08 12:57:22


Summary

The fate of President Biden's plan to cancel $400 billion in student loan debt may depend on Supreme Court Justice Amy Coney Barrett. Barrett seemed unconvinced by plaintiffs challenging student loan forgiveness, but even if she finds that they don't have standing to sue, she would need to convince another conservative justice to come to her side for the plan to survive. The six GOP-led states that brought the lawsuit argue that debt cancellation would decrease profits for companies in their states that service federal student loans. The fate of the plan may hinge on whether the justices ignore the states' lack of standing or not.


Sentiment: NEUTRAL

Tickers: CPB

Keywords: joe bidencampbell soup cojohn robertsamy barrettbrett kavanaughclarence thomaspoliticsbusiness newspersonal financesamuel alito

Source: https://www.cnbc.com/2023/03/08/supreme-court-justice-barrett-could-save-biden-student-loan-plan.html


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