In a 6-3 decision, the court’s conservative majority rejected President Biden’s plan to cancel more than $400 billion in student loan debt for millions of borrowers. It would have been one of the most expensive executive actions in U.S. history.
  • skztrEnglish
    1·
    1 year ago

    This is how almost all federal power is derived in the u.s.: based on theoretical revenue. This is why federal regulations apply to local commerce.