The upcoming Supreme Court ruling on the constitutionality of President Biden’s student loan forgiveness may be an unprecedented in its near-immediate impact on consumer finance. If the conservative court strikes down the $400-billion giveaway, the US economy could face a close brush with recession.
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The stakes for the ruling in Biden v. Nebraska, which could come as early as Friday, is heightened by the fast-approaching end to the moratorium on federal student loan payments that’s been in place since April 2020.
Student Loan Payments To Cut Consumer Spending
Deutsche Bank estimates that a resumption of student loan payments will

