Supreme Court will rule on President Biden’s plan to grant $400 billion in student loan relief by executive action. His plan would grant up to $20,000 per person in debt forgiveness. He says it’s questionable use of public resources, ill-targeted and likely to fuel inflation. Since 1979, there has been an “emergency” due to the “unusual and extraordinary threat” to the U.S. These range from the well-known — the coronavirus emergency — to the obscure: President Barack Obama’s 2014 declaration of an emergency calling for sanctions on the Central African Republic.
