now. good morning, i am lindsey reiser. we are going to begin with breaking news from the u.s. supreme court. two huge decisions on the final day of its term. moments ago the justices striking down president biden s plan to forgive more than $400 billion in student loan debt. the high court says it needed to be approved by congress and they also ruled that colorado website designer can refuse to create a website for a samecouples saying that the first amendment allows her to refuse to invoice it endorsed messages. colorado seeks to force an individual that. with us now to start off our coverage this hour, nbc news correspondent outside of the court. catherine christian. now an msnbc legal analyst. first, to you here. two huge cases. what did the supreme court have to stay on both of those? well, on that case regarding lgbtq rights. that was the case where now, the opinion, they said that the web design was within her rights and that colorado, which regarded this as an an
reporter: there s certainly more people out here today than we ve seen in days past, especially because today we know exactly what we will get decisions on because it s the last day. you mentioned those two big cases, of course at the end of pride month. that case that has to do with whether or not a web designer can refuse to design a wedding website for a gay couple. we could see some reaction to that. the biggest one we re watching for is on student loans, whether or not biden s student loan forgiveness program will stand. the biden administration was using a congressional act started after 9/11 in 2003. it was continued through the pandemic, even invoke bid betsy devoss under the trump administration. can student loans be forgiven in their entirety forever? this would affect about 43,000 people, sorry, we re starting to get some decisions just in now. so i m going to go listen for what those are, and i said 43,000, that s 43 million people, and i ll be back to you when
breakdown the numbers for us. the numbers are plain and simple. it would have been 43 million americans. actually, 60 million americans were already fully approved when the portal had opened up last year. in total it would have been out $400 billion in total student debt that would have been forgiven, but interesting, at the household level it could have been savings of a few hundred dollars per month. all in all, this is very impactful for those families that will now have to face those payments. we do not know how the biden administration will transition those payments once they resume later this year. we will see what kind of grace period they can put in place. thank you to all of our guest analysts and experts for joining us in this discussion today. happy friday to all of you. i hope you have a wonderful weekend. lindsey reiser picks up our breaking news coverage right