Supreme Court blocks Biden's student loan forgiveness program

In a landmark ruling with implications for the 2024 election, the Supreme Court ruled 6-3 on Friday that the Biden administration does not have the authority to unilaterally cancel hundreds of billions in student loan debt. The ruling was a major rebuke of President Joe Biden's political efforts to court young voters with large college debts, and sets a fresh battle ahead of the next presidential election. It also was the latest of several major court rulings that chided the administration for trying to impose regulatory powers that Congress did not give the executive branch.