Supreme Court Halts Biden's Student Debt Relief Plan

The U.S. Supreme Court has declined to revive President Joe Biden's student debt relief plan, a win for Republican-led states opposing it. The justices rejected the administration's request to lift a judicial decision that paused the plan, aimed at reducing monthly payments for millions and expediting loan forgiveness for some.

The U.S. Supreme Court declined on Wednesday to revive President Joe Biden's student debt relief plan, giving a boost to Republican-led states that have sued to block it.

The justices rejected the administration's request to temporarily lift a judicial decision that paused the plan, which is designed to lower monthly payments for millions of borrowers and speed up loan forgiveness for some.

(With inputs from agencies.)