Supreme Court Throws Out Biden's Debt Relief Plan

The Supreme Court has ruled against President Biden's student loan relief plan, stating that the administration exceeded its authority under the Heroes Act of 2003. The decision, made with a 6-3 vote, highlights the need for explicit congressional approval for significant economic actions. This ruling is a setback for the Biden administration's efforts to provide debt relief, as the court emphasized the major questions doctrine, which requires clear legislative authorization for major policy decisions.

What was the Supreme Court's ruling regarding Biden's student loan relief plan?

What is the significance of the Heroes Act in the context of the Supreme Court's decision?

How did the Supreme Court interpret the authority of the Biden administration regarding the debt forgiveness plan?

What was the ideological stance of the Supreme Court's decision as mentioned in the text?

What are the implications of the Supreme Court's ruling for the Biden administration's plans?