Judge to rule this month if Biden's student loan plan can go forward

A court case that could have a major impact on President Biden's student loan forgiveness plan will likely be decided next week.

A federal judge is expected to rule on a legal challenge to Mr. Biden's student debt plan from six GOP-led states by October 12, Washington Post reporter Danielle Douglas-Gabriel told CBS News. If the judge places an injunction on Biden's move, it "may create a stall or halt to this policy," she said.

The lawsuit, filed in September by attorneys general in Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina, argues that taxpayers shouldn't be saddled with paying the debt of other Americans who opted to go to college and now can't repay their loans.