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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 This material may not be published, broadcast, rewritten or redistributed.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 86 239 1,949
MORTGAGES 87 320 2,448
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 187 809 4,214
BANKRUPTCIES 57 236 1,722
BUSINESS LICENSES 0 75 692
UTILITY CONNECTIONS 61 338 2,293
MARRIAGE LICENSES 23 73 328

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