Liberty NewsWire: June 29, 2012
Congressional leaders decided to roll the transportation and student loan legislation into a single bill because, in the short term, they were both being paid in part by changes in pension laws.
Congressional bargainers reached an agreement earlier this week on the $6 billion college loan portion of that bill that would avert a doubling of interest rates beginning Sunday on federal loans to 7.4 million students. The current 3.4 percent interest rate on subsidized Stafford loans would balloon back to 6.8 percent on Sunday under a cost-saving maneuver contained in a 2007 law. – Christian Science Monitor
Christian Science Monitor – Congress Moves Toward Passage of Highway Bill, Takes Action on Student Loans
Los Angeles Times – Conservatives Seize on Tax Label to Attack Healthcare Ruling