Mr Biden had vowed to help borrowers “crawl out from under that mountain of debt”. Read more at straitstimes.com.
WASHINGTON – The US Supreme Court ruled on Friday that the Biden administration had overstepped its authority with, dashing the hopes of tens of millions of borrowers and imposing new restrictions on presidential power.
The proposed debt cancellation, announced by Mr Biden last summer, would have been one of the most expensive executive actions in US history.The administration said its plan was meant to address the coronavirus pandemic and its lingering effects and was authorised by the Higher Education Relief Opportunities for Students Act of 2003, usually called the Heroes Act.
The Biden administration followed suit. The payment pause has cost the government more than US$100 billion, according to the Government Accountability Office. In separate cases, six Republican-led states – Nebraska, Missouri, Arkansas, Iowa, Kansas and South Carolina – and two individuals sued to stop the new plan.
The court also ruled, on similar grounds, that the Centres for Disease Control and Prevention was not authorised to impose a moratorium on evictions and that the Occupational Safety and Health Administration was not authorised to tell large employers to have their workers vaccinated against Covid-19 or undergo frequent testing.“While plaintiffs present important and significant challenges to the debt relief plan,” wrote Judge Henry E.
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