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VOL. 128 | NO. 101 | Thursday, May 23, 2013

Obama Threatens Veto of House Student Loan Plan

PHILIP ELLIOTT | Associated Press

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WASHINGTON (AP) – President Barack Obama is threatening to veto House Republicans' student loan bill.

The White House Budget Office said Wednesday the GOP plan does not guarantee current low interest rates for students and creates uncertainty for them. The budget office says that if Obama were presented the current bill, officials would urge a veto.

The Republican-led House on Thursday was expected to pass a bill that would keep interest rates on subsidized Stafford loan rates from doubling on July 1. In exchange, interest rates on new loans would be variable, based on the markets, and change annually.

House and Senate Democrats have urged a two-year extension of current rates while lawmakers work on a long-term solution.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 47 47 6,819
MORTGAGES 57 57 9,337
FORECLOSURE NOTICES 0 0 1,990
BUILDING PERMITS 0 0 15,738
BANKRUPTCIES 55 55 6,114
BUSINESS LICENSES 24 24 2,622
UTILITY CONNECTIONS 124 124 8,592
MARRIAGE LICENSES 53 53 2,050

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