US Supreme Court strikes down Biden's student loan forgiveness program

<p>The US Supreme Court struck down a $430 billion program to forgive student loans held by 40 million Americans in a 6-3 decision that was generally expected.</p><p>The majority decision said that the executive has some power to alter terms of student-loan programs, the total forgiveness was an overreach.</p><p>I <a href="https://www.forexlive.com/news/student-debt-loan-repayments-could-be-a-headwind-to-us-consumer-spending-20230613/" target="_blank" rel="follow">wrote about</a> the possible headwinds for consumers, with payments now set to resume in August.</p>

This article was written by Adam Button at www.forexlive.com.