neil: demand all they want. the supreme court has ruled against the president s loan forgiveness program. a lot of folks not happy about that. there s options to make the payments more affordable or come up with some other solution. we re expecting to hear from the president of the united states on that. welcome. i m neil cavuto. shannon bream has had a busy day. tell us what s going down. let s talk about the student debt relief program that the supreme court 6-3 said cannot move forward. the chief justice had this to say. that s what the court found here. they said essentially they re waiving away $430 billion in executive loans. dissenting justice kagan said the statute does give the secretary broad authority to relieve a national emergency s effect on borrower s ability to relieve. the secretary did that. clearly the two sides saw this differently. the bottom line strawberry that program, which the president had expressed it being illegal, the speaker of the house s
the loan. i don t know the math that they used in here to come up with what could be a great miracle if they can pull that off. again, i could be missing that. i do want to look at the political implications. the administration is saying to students studentsboroers. we re with you today. we know there s millions of you counting on this relief materializing. this $400 billion relief that we were looking at. it works out about $432 billion. and that this would be money well-spent. now that is not happening. so they re blaming republicans, republicans are saying it was an ill conceived program from the start and often quoted nancy pelosi as the reason it should go nowhere. she s the former speaker that said years ago, it s not up to the president to start cutting