The court dealt a resounding setback to President Biden. ( www.nytimes.com )
The proposed debt cancellation of more than $400 billion would have been one of the most expensive executive actions in U.S. history.
![](https://kbin.pithyphrase.net/media/cache/resolve/entry_thumb/58/8a/588af9a9be57210d3c1a4c26ebe0f190056cc5341efccfb29aa0758ee472e36f.jpg)
The proposed debt cancellation of more than $400 billion would have been one of the most expensive executive actions in U.S. history.