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east coast. we are expecting president biden to address the supreme court 6-3 ruling blocking his student loan handout plan. that ruling already reigniting calls from the left to change the highest court in the nation, shannon bream will join us on that. welcome back as america reports heads into a second hour, i m sandra smith in new york. mike, great to have you here today. mike: sandra, great to be working with you. i m in for john roberts. the president s plan would have wiped out up to $20,000 in loans per person, but a lawsuit from six states and two individuals said the president does not have that authority and the court s majority agreed. that leaves about 40 million americans in limbo. one student loan borrower disappointed with the decision weighed in last hour addressing why he thinks the plan was fair. as someone who graduates in 2024, i m expecting to enter a very competitive job market looking for an entry level position. that s ultimately not going ....
$20,000 in debt. did you overstep your authority? i think the court misinterpreted the constitution the. will: this follows the previous day of landmark decisions with the high court voting to outlaw race-based affirmative action in college admissions, just a landmark week for the supreme court and a really bad week for joe biden. let s focus in on the supreme court for just one moment, if we might. these are three major, or major policies that are the culmination of years, perhaps even decades, of work in some cases. for example, when it comes to the affirmative action. the supreme court saying that colleges should not use race in admission to me, on its case is a on its face, is a good and principled move in terms of evolving towards a less race-conscious society. under the 14th amendment, all men have equal protection. when it comes to the colorado case, this was simply about free speech. should you be compelled to endorse or create speech you do not agree with ....
college simply skip the bill. and it would affect all tax paying americans, especially those who did it the right way and paid off their debt through hard work. the total cost of the hand-out an estimated $4 hundred billion over the next few decades. so we ll spend likely longer than they had to pay off some of those loans. biden says it is all legal for him to do based on the higher education relief opportunities for students act. and just so you know, that act allows for federal loan modification. but only during a national emergency. now remember, even though president biden has said the pandemic is over, he is keeping that emergency declaration for covid until may. does that emergency power for higher education give president biden the power to pay off student loans with our money? some of those loans are decades old. with the covid emergency ending very soon, possibly over anyway. some say no. the covid emergency is over. he is using that as an excuse hoping that ....
john: to say the least. the supreme court deciding whether president biden could ignore congress or go on one of the biggest spending sprees in u.s. history, wiping out student loan debt for millions of americans. and over on capitol hill, lawmakers are holding hearings on both the china threat and the border crisis. sandra: that s where we start a border bust netting enough fentanyl to kill 50 million people. and one mother who knows the drug s devastation all too well. we have a weather balloon from china going across our country. nobody died, and everybody is freaking out about it. but 100,000 die every year and nothing is being done, not enough is being done. you talk about children being taken away from their parents. my children were taken away from me. john: just some of what we heard during today s house hearing on the border crisis. mother who lost two of her sons to fentanyl poisoning not only grieving but also getting downright angry. sandra: and ju ....
reporter: mr. president, why did you give millions of borrowers false hope? you doubted your own authority here in the past. i didn t give any false hope, but but the the republicans snatched away the hope that they were given, and it s realful real hope. reporter: did you overstep your authority? i think court misinterpretationed the constitution. misinterpreted the constitution. rachel: president biden lashing out at republicans and the high court yesterday after justices strike down his massive student loan handout plan, but just hours after the ruling biden unveiled a new alternative path for bow rowers which he says will make it easier to pay off student debt. here to react is kate herzel and kiara who graduated from san diego state university with $7500 in student debt. so, kate, i m just going to first get to both of you, and i ll start with you. what are your thoughts on this decision? by the supreme court? well, i m very happy with how ....