President Biden on Wednesday said he is not confident that the Supreme Court will uphold his student-debt cancellation plan after several conservative justices expressed skepticism over the $400 billion program earlier this week.
“I’m confident we’re on the right side of the law, but I’m not confident about the outcome of the decision yet,” Mr. Biden told reporters.
His administration cited pandemic-era provisions that allow “waiver or modification” of loans when there’s a national emergency that affects borrowers’ ability to repay, as giving the president the authority to cancel the debt. One of the cases heard Tuesday was brought by a group of six Republican-led states that argue Mr. Biden overstepped his legal authority by forgiving roughly $400 billion in debt. The other case was brought forward by two borrowers who would be excluded from receiving some or all of the benefits under the forgiveness.
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