HISTORIC MOMENT IN THIS OPINION. >> Dana: LET'S GET BACK TO THE SUPREME COURT LIVE THERE ON THE SUPREME COURT GROUNDS. SHANNON BREAM. WE HAVE ANOTHER DECISION ON STUDENT LOANS? >> OKAY. WE HAVE TWO. WE'RE TRYING TO PARSE THROUGH IT. THE FIRST CASE DEALT WITH THE INDIVIDUAL BORROWERS. WHAT THE COURT DECIDED UNANIMOUSLY THEY DON'T HAVE STANDING. SO THE CASE FOR THE INDIVIDUAL BORROWERS DON'T HAVE STANDING MEANING THEY DON'T GO ANYWHERE ON THE MERITS OF THE CASE. WE NOW GET INTO THE SECOND CASE WRITTEN, I BELIEVE, BY THE CHIEF JUSTICE JOHN ROBERTS SAYING THE GROUP OF STATES WHO SUED APPEARS THEY DO HAVE STANDING. WITH THAT IN MIND WE NEED TO GET TO THE GUTS OF THE CASE. 6-3. THE CHIEF IS WRITING FOR THE MAJORITY. A HINT WHICH WAY WE THINK THE CASE WILL GO. AT LEAST ONE OF THESE CASES THE STATES HAVE MERIT. ONE OF THE CASES TOSSED ON STANDING. THE OTHER GETS TO THE MERIT. BY THE DISSENT, YOU LOOK AT THE -- IT SAYS THE COURT AGREES WITH THE STATES. THIS GROUP OF STATES. HERE IS JACK. THANK YOU, JACK. OKAY. THE HEROES ACT WHAT THE BIDEN ADMINISTRATION USED TO JUSTIFY FOREGIVING PART OF THE STUDENTS LOAN, DOESN'T AUTHORIZE THE DEBT FORGIVENESS PLAN. LET ME GET HERE AND MAKE SURE I HAVE THE RIGHT ONE. SO AGAIN IT LOOKS LIKE THIS IS WRITTEN BY THE CHIEF JUSTICE AND LOOKS LIKE ANOTHER 6-3. ROBERTS, ALITO, GORSUCH, KAVANAUGH AND BARRETT FILES THEM. KAGAN FILES THE DISSENTING OFFICIAL. SOTOMAYOR AND JACKSON. THIS IS THE CONCLUSION WHAT THE COURT SAID. IT HAS BECOME A DISTURBING FEATURE TO CRITICIZE DECISIONS FOR WHICH THEY DISAGREE GOING BEYOND THE PROPER ROLE. JUDICIARY. TODAY WE HAVE CONCLUDED THAT MISSOURI IS A PROPER CASE TO THIS. GONE THROUGH THE TRADITIONAL TOOLS OF DECISION MAKING ANALYSIS. REASONABLE MINDS CAN DISAGREE AND IT'S IMPORTANT THE PUBLIC NOT BE MISLED BY SOME OF WHAT THEY'RE HEARING ABOUT THE COURT. THERE HAS BEEN SO MUCH SAID ABOUT THE COURT. IT SAYS THE HEROES ACT PROVIDES NO AUTHORIZATION FOR THE SECRETARY OF EDUCATION PLAN, EVEN WHEN EXAMINED USING STATUTORY INTERPRETATION AND CLEAR CONGRESSIONAL AUTHORITY FOR SUCH A PROGRAM. THE FIRST LOOK SAYS IT FORGIVENESS IS GONE. >> Dana: THE SUPREME COURT STRUCK DOWN PRESIDENT BIDEN'S STUDENT LOAN FORGIVENESS PROGRAM TRYING TO USE THE HEROES ACT. THE COURT IS SAYING IN A 6-3 DECISION THAT IS NOT GOING TO BE ALLOWED. THERE ARE MILLIONS OF BORROWERS, 26 MILLION WHO HAD APPLIED FOR THIS PROGRAM WHO ARE FINDING OUT TODAY IT IS NOT GOING TO BE SOMETHING THAT THEY WILL BE ABLE TO TAKE ADVANTAGE OF. SHANNON, WHAT'S INTERESTING IS THAT LEADING UP TO THIS OVER THE LAST FEW YEARS, FORMER SPEAKER NANCY PELOSI, EVEN PRESIDENT BIDEN HIMSELF, SAID WE DON'T HAVE THE LEGAL AUTHORITY TO DO THIS. THIS WOULD NOT BE CONSTITUTIONAL. AND YET THEY DID IT ANYWAY. WAS THIS THE WAY FOR THEM TO GET TO A DECISION SO THAT THEY CAN SAY TO THE PEOPLE AGITATING FROM THE LEFT THAT THIS IS NOT CONSTITUTIONAL SO THEREFORE WE CAN'T DO IT. LET'S FIND ANOTHER WAY. ECONOMIC GROWTH, TAX CUTS OR SOMETHING TO HELP PEOPLE HAVING A HARD TIME PAYING THEIR LOANS. >> THIS IS GOING TO BE ANOTHER NOT THAT THE PRESIDENT IS ON THE RE-ELECTION CAMPAIGN ANOTHER ARGUMENT HE USES SAYING I TRIED TO GET YOU THE STUDENT LOAN FORGIVENESS, DEBT FORGIVENESS PLAN DONE BUT THE COURT -- MAGA COURT, WHICH IS WHAT THE LEFT IS CALLING THEM THIS WEEK. THEY WEREN'T WHEN THEY LIKED THE DECISION, BUT THEY ARE CALLING IT THAT NOW AND THEY WON'T LIKE THIS ONE. HE WILL SAY IT THE SUPREME COURT STACKED FULL OF TRUMP APPOINTEES. THAT'S WHAT IS BEING CRAFTED IN THE SPEECH AND WHAT THEY'LL SAY. THE BASIC AND TRADEOFFS INHERENT IN A MAT DEBT CANCELLATIONS PROGRAM THAT CONGRESS INTENDED FOR ITSELF. THE SECRETARY OF EDUCATION TO POINT TO -- THEY DIDN'T HAVE THE POWER TO DO THIS. THE COURT SAYS WE DON'T WANT TO GET INVOLVED IN THINGS WE THOUGHT CONGRESS WAS THE ONES TO DO INCLUDING BILLIONS OF DOLLARS OF STUDENT LOAN DEBT CANCELLATION. THE DISSENT AGAIN SAYS THIS. THE SECRETARY THE DID NO MORE THAN USE LAWFULLY DELEGATED AUTHORITY. SO THEY CLEARLY SEE THIS DIFFERENTLY. THE DISSENT BELIEVES THERE WAS AUTHORITY FOR THE SECRETARY TO DO THIS. 6-3 MAJORITY SAYS NO DICE. THAT STUDENT LOAN PROGRAM WAS VOTED DOWN BY THE HOUSE AND SENATE JUST WEEKS AGO GOES AWAY OFFICIALLY. >> Bill: MAJOR BREAKING NEWS AFFECTING MILLIONS OF PEOPLE WHO THOUGHT THEY WOULD GET UP TO $20,000 IN FORGIVEN STUDENT LOANS. STAND BY AND READ THROUGH THAT AND WE'LL BRING IN JONATHAN TURLEY. YOU HEARD SHANNON MENTION THEY CAN'T USED THE HEROES ACT FOR THIS. HEROES ACT WAS POST 9/11 ALLOWED THE FEDERAL GOVERNMENT TO MAKE CHANGES TO STUDENT LOANS OR LOANS AS A RESULT OF A NATIONAL EMERGENCY. IN THIS CASE THEY WERE USING COVID-19 AS THE NATIONAL EMERGENCY. BUT THAT EMERGENCY IS NOW OVER SO THERE WAS ESSENTIALLY NO STANDING TO USE THE HEROES ACT. AM I UNDERSTANDING THAT CORRECTLY, JONATHAN? >> YEAH, THIS IS A HUGE DEFEAT FOR THE BIDEN ADMINISTRATION POLITICALLY AND LEGALLY. IT IS ONLY THE LATEST SUCH DEFEAT WHERE THE PRESIDENT HAS OVERREACHED ON HIS AUTHORITY. PREVIOUSLY THE PRESIDENT ARGUED THAT HE COULD USE THE CDC AS THE BASIS FOR THE EVICTION MORATORIUM DURING THE PANDEMIC EVEN THOUGH MANY OF US SAID HE CLEARLY LACKED THAT AUTHORITY. HE WENT AHEAD AND DID IT ANYWAY. HE ADMITTED BY THE TIME THE COURTS MIGHT STRIKE DOWN HIS EFFORTS HE COULD GET A LOT OF MONEY OUT THE DOOR. WELL, THAT'S A LEVEL OF CONTEMPT THAT DOESN'T SIT WELL WITH THE COURT. IN THIS CASE, YOU HAD THE HEROES ACT, JUST A FEW PAGES LONG, WAS CLEARLY DESIGNED TO HELP PEOPLE WHO WERE SERVING ABROAD IN MILITARY CONFLICTS SO THEY DIDN'T HAVE TO WORRY ABOUT THEIR COLLEGE TUITION PAYMENTS. THE USE OF THE HEROES ACT FOR THIS MASSIVE LOAN FORGIVENESS PROGRAM WAS ABSURD. IT BORDERED ON THE OBSCENE. IT WAS CLEAR THEY CLEAR THEY COULD NOT GET IT THROUGH CONGRESS AND DECIDED TO COME UP WITH A NOVEL THEORY TO CIRCUMVENT CONGRESS. WHAT WAS REALLY UNBELIEVABLE TO WATCH IS THAT HE -- THE DEMOCRATS APPLAUDED HIM FOR THAT AND MADE