» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 128 | NO. 101 | Thursday, May 23, 2013

Obama Threatens Veto of House Student Loan Plan

PHILIP ELLIOTT | Associated Press

Print | Front Page | Email this story | Comments ()

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 This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 81 218 2,605
MORTGAGES 88 310 3,629
FORECLOSURE NOTICES 33 62 844
BUILDING PERMITS 160 530 6,865
BANKRUPTCIES 73 234 2,641
BUSINESS LICENSES 34 83 1,147
UTILITY CONNECTIONS 105 389 3,831
MARRIAGE LICENSES 0 46 669

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.