Thursday, May 31, 2012

Boehner Says Student Loan Rates Will Double July 1

Calling it a crisis manufactured by the democrats, Boehner doesn't expect a compromise, which means interest rates for seven million students will double July 1:
House Speaker John A. Boehner (R-Ohio) told Republicans Thursday that he expects Congress to be unable to find a compromise to ensure student loan rates do not double July 1, assuring colleagues that a recalcitrant Democratic-led Senate would be to blame for the rate hike.

At a closed-door meeting for House Republicans, Boehner characterized the issue as a crisis manufactured by Democrats in a year when the election will be dominated by job creation, according to a source who was in attendance. Read more at WaPo