The Herald Bulletin

Evening Update

Nation & World

June 19, 2013

Bipartisan proposal on student loans circulating

(Continued)

WASHINGTON —

"The last 24 hours, I've spent hours working with interested senators," Reid said Tuesday.

"We're not there yet," he added.

Education Secretary Arne Duncan and White House economic adviser Gene Sperling would have lunch with senators on Thursday, Reid said.

Republicans, meanwhile, have been unrelenting in their criticism of Democrats for opposing tenets of Obama's student loan proposal, chiefly rates that change every year to reflect the markets. Without action, Republicans said, students were left not knowing how much they would be paying for classes this fall.

"It's not fair to these students and not fair to students across the country who need to know what the cost of their loans is going to be and what the interest rate is going to be," Republican House Speaker John Boehner told reporters.

Last year, Congress voted to keep interest rates on subsidized Stafford student loans at 3.4 percent for another year during a heated presidential campaign. Without the attention, education advocates worried that the interest rate would revert back to former rates on July 1, leading to extra out-of-pocket costs for students.

Six sometimes overlapping versions of student loan legislation were being considered in the House and Senate. Two bills — Senate Republicans' and Senate Democrats' proposals — both failed to win 60 votes needed to advance last week, seeming to suggest student loans were going to double.

Other proposals had champions among wings of their parties but only the House had passed student loan legislation that ties interest rates to Treasury notes. That bill drew a veto threat from the White House.

"The House has done its job. It's time for the Senate to do theirs," Boehner said.

It seemed work was afoot behind the scenes.

The bipartisan Senate proposal being circulated with just days to spare before interest rates increased borrowed pieces from the various suggestions.

Text Only
Nation & World
  • Social Security spent $300 million on 'IT boondoggle'

    Six years ago the Social Security Administration embarked on an aggressive plan to replace outdated computer systems overwhelmed by a growing flood of disability claims. Nearly $300 million later, the new system is nowhere near ready and agency officials are struggling to salvage a project racked by delays and mismanagement, according to an internal report commissioned by the agency.

    July 24, 2014

  • Plane crashes in Taiwan, 47 trapped, feared dead

    A plane landing in stormy weather crashed outside an airport on a small Taiwanese island late Wednesday, and a transport minister said 47 people were trapped and feared dead.

    July 23, 2014

  • US pushes for truce as Gaza battle rages

     Israeli troops battled Hamas militants on Wednesday near a southern Gaza Strip town as the U.S. secretary of state reported progress in efforts to broker a truce in the conflict that has so far killed at least 657 Palestinians and 31 Israelis.

    July 23, 2014

  • Bodies of Malaysia jet victims leave Ukraine

    Two military aircraft carrying the first bodies of victims of the Malaysia Airlines crash left the embattled plains of eastern Ukraine Wednesday, and pro-Russian rebels shot down two Ukrainian fighter jets as fighting flared in the region.

    July 23, 2014

  • Perdue defeats Kingston in Georgia Senate runoff

    Businessman David Perdue has defeated longtime Rep. Jack Kingston in the Republican runoff for Georgia's U.S. Senate nomination, setting up a nationally significant general election matchup against Democrat Michelle Nunn.

    July 22, 2014

  • New arrest linked to gun used after Boston attacks

    A friend of Boston Marathon bombing suspect Dzhokhar Tsarnaev is believed to have provided the handgun used to kill a Massachusetts Institute of Technology police officer during the manhunt, people with knowledge of the investigation said Tuesday.

    July 22, 2014

  • California firm issues nationwide fruit recall

    A Central California company is recalling specific lots of its fresh peaches, plums, nectarines and pluots sold nationwide over concerns of possible listeria contamination.

    July 22, 2014

  • Obama nominee McDonald pledges to 'transform' VA

    President Barack Obama's choice to lead the Department of Veterans Affairs pledged Tuesday to transform the beleaguered agency, saying that "systematic failures" must be addressed.

    July 22, 2014

  • Obamacare hit by ruling, but subsidies to continue

    President Barack Obama's health care law is enmeshed in another big legal battle after two federal appeals courts issued contradictory rulings on a key financing issue within hours of each other Tuesday.

    July 22, 2014

  • US airlines scrap Israel flights over missile fear

    Two U.S. airlines cancelled all flights to Israel until further notice, after a rocket landed near Tel Aviv's Ben Gurion Airport.

    July 22, 2014

More Resources from The Herald Bulletin
AP Video
'Modern Family' Star on Gay Athletes Coming Out MN Twins Debut Beer Vending Machine DA: Pa. Doctor Fired Back at Hospital Gunman Raw: Iowa Police Dash Cam Shows Wild Chase Obama Seeks Limits on US Company Mergers Abroad Large Family to Share NJ Lottery Winnings U.S. Flights to Israel Resume After Ban Lifted Official: Air Algerie Flight 'probably Crashed' TSA Administrator on Politics and Flight Bans Raw: National Guard Helps Battle WA Wildfires Raw: Ukraine's Donetsk Residents Flee Senators Push to End Hamas Threat in Cease-Fire A Young Victim's Premonition, Hug Before MH17 Raw: Deadly Storm Hits Virginia Campground Death Penalty Expert: 'This is a Turning Point' Raw: MH17 Victim's Bodies Arrive in Netherlands Raw: Families Travel to Taiwan Plane Crash Site Arizona Execution Takes Almost Two Hours Crash Kills Teen Pilot Seeking World Record
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Helium debate
Helium