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No SCOTUS Ruling On Student Debt Relief Today, Could Come Tomorrow

US

No ruling issued today by the US Supreme Court on the legality of President Joe Biden's plan for USD10/20k of student debt relief for anywhere up to 40mn Americans. As such, there is the prospect that decision will be released 30 June at 1000ET (1500BST/1600CET). Tomorrow marks the end of the current SCOTUS term and there is the prospect that an additional opinion day could be added to deliver rulings on Friday.

  • The eventual decision will garner significant focus given that if the debt forgiveness plan is not struck down it could cost up to USD305bnover the next 10 years in terms of lost cash flows into gov't.
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