President Joe Biden called on the US Supreme Court to let his student-loan relief plan take effect, setting the stage for a multibillion-dollar showdown that could affect more than 40 million borrowers.
Biden on Friday asked the nation's highest court to lift a federal appeals court order that is now blocking the program. He also suggested the justices consider taking up the case without waiting for a final appeals court decision — a schedule that could mean a definitive ruling by June.
The appeals court order "leaves millions of economically vulnerable borrowers in limbo, uncertain about the size of their debt and unable to make financial decisions with an accurate understanding of their future repayment obligations," US Solicitor General Elizabeth Prelogar argued.
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