Biden is still trying to forgive student debt in ‘a very direct confrontation' with Supreme Court, expert says

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President Joe Biden is still trying to forgive student debt after the Supreme Court ruled that his first attempt to do so was not legal.

CNBC interviewed Rosenblum this month about Biden's Plan B for student loan forgiveness and the uniqueness of his stance toward the high court.

Annie Nova: What exactly did you find so bold about President Biden disagreeing with the Supreme Court and announcing another plan to forgive student debt?Mainstream Democrats have generally been reticent to criticize the Supreme Court, even as it has aggressively pursued unpopular Republican policies. So the first striking thing was that Biden was striking back against the court at all. But I was also struck by how Biden decided to push back.

At the end of the day, it was a very narrow ruling. While the case has important consequences for standing doctrine and for the ability to challenge the provision of government benefits, the case swept much less widely than it could have and than many commentators expected. AN: Some legal experts expect Biden's second attempt to forgive student debt to conclude with another death at the Supreme Court. Do you predict the same?As a legal matter, I think it should go differently. The process for forgiving debt under the new plan is longer and more elaborate, but the Education secretary's authority to cancel debt at the end of it is clearer than it was under Biden's first plan. Whether it will go differently is a separate question.

 

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