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Transcripts for CNN CNN Newsroom 20240604 14:04:00

I hadn t secured a job at that point and so for me it felt really impossible. reporter: graduating from college in 2019, she has nearly $30,000 in student loan debt. when the pandemic hit repayments were paused. she could now contribute to household costs for the home she shares with her parents. when the biden administration extended the pause this past august, multiple lawsuits followed. the program was halted and is now before the supreme court, leaving her in limbo. my family would be eligible for up to $50,000 of student loan cancellation. so as a whole family, that s huge. reporter: federal data shows america s student debt crisis is multigenerational, spanning from recent grads to grandparents, with $2.6 million borrowers over the age of 62. 72-year-old vietnam vet cecil hamilton is one of them. i never got the the amount

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Transcripts for CNN CNN Newsroom 20240604 14:09:00

Executive branch power. jim, erica? joan biskupic, appreciate it as always. we will let you run over there now to join rene as you said. thank you. thank you. joining us to discuss university of texas law school professor and cnn lega l analyst steve steve vladic. is there anything that you see in terms of past opinions as a barometer for this court. it goes on two different directions. on the substance of the program the biden administration has lost a series of cases where similar arguments were advanced about what congress had authorized agencies to do from the cdc eviction moratorium to the osha vaccination mandate to the epa s clean power plant. there the conservative justices are coming to this case with a healthy dose of skepticism about whether the heroes act, this

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Transcripts for CNN CNN Newsroom 20240604 14:44:00

That we re hearing from the british, from the united states, some outside groups, is that russia has suffered 200,000 casualties and maybe upwards of 60,000 of those dead. put that in perspective, that s more dead than we lost in the entire vietnam war. it s more dead than or more casualties, i should say, than the russians have had in all of the conflicts they have been in since the end of world war ii that we know of or that we can count. so this has been enormously expensive for him. i think what you have seen him do now is both play to his base, the intelligence services, the fsb here that, quote, guards the border and also manages to do a lot of the operations as he said behind enemy lines. i think the other thing that s really notable is that in the past few days he has talked about a program within the west

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Transcripts for CNN CNN Newsroom 20240604 14:01:00

Program, a ruling that will impact millions of people, one of the court s most influential cases this term with implications beyond the student loan issue. the plaintiffs which include six republican-led states, two borrowers who do not qualify for this program, are challenging the legality of the plan which would cancel up to $20,000 in debt for some borrowers. so just to give you an idea of the scope here, outstanding student loan debt in this country is more than $1.7 trillion. the vast majority of that, we re talking more than 90%, is from federal student loans and those are the ones that would be eligible for some forgiveness under biden s plan. so far 16 million borrowers had been approved for that relief. when the legal challenges put the plan on hold, officials estimate the program could cost some $400 billion. education secretary miguel cardona speaking with cnn this morning talked about why the administration is so focused on this and why the administration believes this pr

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