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Transcripts For CNN CNN Newsroom 20240706

hello. i m abby phillip in washington. and happening right now, supreme court hearings underway that could effect millions of people who owe money on their student loans. justices are hearing arguments in two cases, challenging president biden s plan to wipe away more than $400 billion in student debt. six republican-led states and two individuals are challenging its legality. let s bring in cnn s jessica schneider and renee marsh. both are at the supreme court right now. jessica, i want to start with you first. it s no surprise, this is a conservative court. and so far, it sounds like they ve been pretty skeptical of the biden administration s argument so far. tell us about what s been happening. that s exactly right, abby. the conservative members of this court are really giving considerable pushback on the idea that president biden and his administration can even put into place this sweeping debt relief. they re really zeroing in on the price tag of this program, more th

Transcripts for CNN CNN Newsroom 20240604 18:04:00

say that they are not eligible for any of this debt relief. so, abby, a lot on the line here for millions and millions of student loan borrowers, who are really waiting for the supreme court to act here, to determine if that debt will, in fact, be relieved. abby? yes, exactly. so much on the line. and to that exact point, renee, you ve been covering the rallies outside of the court today. what has been the reaction among the protesters gathered there to all of this? reporter: yeah, you know, as jessica put it, abby, a lot of people in limbo at this point. outside of the supreme court today, we saw students, we saw, you know, student loan borrowers. we also saw advocates, all with the same shared story of basically drowning in debt. we heard lots of different stories out here from the 25-year-old living in new york city with her parents, afraid that she may never realize the american dream of financial freedom or home ownershipship, because of her college debt, to

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