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beliefs. another day of decisions split 6-3 showing deep divisions at the nation s highest court in an opinion by chief justice john roberts the majority struck down the biden administration s plan to wipe out $430 billion until student loan debt. quote, we hold today that the act allows the education secretary to wave or modify existing statutory or regulatory provisions applicable to financial assistance programs under the education act. not to rewrite that statute from the ground up. the dissenters led by justice kagan argued the secretary did have that power. quote the statute read as written gives the secretary broad authority to relieve a national emergency s effect on borrowers abilities to repay their student loans. president biden who has repeatedly vowed to wipe out student loan debt while conceding he may not have authority blasted the court and promised to find other ways to benefit borrowers. i think the court misinterpreted the constitution. in today ....
reporter: the saudi cut is part of a broader opec-plus deal to limit supply into 2024. it s the third supply reduction agreed upon by the group in the last eight months. is that a lot for them? what s unusual about the cuts you ve seen is that they re happening preemptively. not in response to weak prices but in anticipation of them. so, yes, bret, that s very unusual. opec plus has in place cuts for more than 3.5 million barrels a day, that s 3.6% of global demand. those cuts were valid until the end of this year. but at the june meeting, the countries agreed to extend those cuts until 2024. saudi arabia s energy minister says opec-plus is trying to address market instability. in the second half of the year, demand is going to go up more sharply. i think opec is trying to create a price floor in the global market place in the wake of pretty significant global uncertainty and demand. western countries including ....
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