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In August, President Biden announced a loan cancellation plan that would erase an astonishing $400 billion in student debt — one of the most ambitious and expensive executive actions ever.Now, in a far-reaching case, the Supreme Court will decide whether the president is authorized to take such a big step.Guest: Adam Liptak, a Supreme Court correspondent for The New York Times.Background reading: The student loan case could redefine the limits of presidential power.Here’s how the arguments at the Supreme Court played out and what to expect in the coming days.For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.