The Biden administration on Friday asked the  U.S. Supreme Court reinstate its student loan debt program and claimed its within the authority of the executive branch after a lower court blocked it several days ago.
The program, unveiled weeks before the 2022 midterm elections, promised to deliver up to $20,000 of debt relief for millions of borrowers.
The St. Louis-based U.S. Court of Appeals for the 8th Circuit on Nov. 10 froze the plan and prompted the federal government to stop receiving applications, ruling in favor of six Republican-led states. A federal judge in Texas also struck down the White House’s student loan program last week, siding with a lawsuit brought by the Job Creators Network Foundation….