he s signing a bill designed to keep student loan rates low. this will be one of the president s last public appearances before he leaves for a week-long summer vacation with his family in martha s vineyard. joining me live is kelly o donnell. there s a lot on the plate when the reporters get the opportunity to ask the president questions. but is it true that the president is going to come out with some type of his own statement about where he wants to go with the nsa controversy and the transparency going on with its oversight. yes, thomas. we ve been working our sources within the administration and on capitol hill. we have a bit of a picture of what the president plans to do. he can go on offense, anticipating, i m sure, about the nsa leaks and the programs that the intelligence community has been undertaking to collect data and so forth. by going on offense, the president is expected to announce that he has plans to take steps to make reforms to some of those programs. with the i
a change in student loan rates. president obama will sign a measure to drop rates to 3.9% for undergrads. future rates will be tied to financial markets meaning they could rise if the economy improves. loan rates doubled last month. tell me how my tomatoes were? they were the heirloom tomato tomatoes. the little ones were what? cherry. unbelievable. you didn t know you were growing tomatoes. once i found out, i was part of the operation. thank you. ten minutes after the hour. this is awful. a teenage girl brutally bullied online hangs herself. how two teenage boys are being charged in the case. he will never work again. a man holding one of three power ballwining tickets. what he will do with the money
will be sentenced today. he says his awkward childhood and stuttering problem turned him into an islamic extremist. he s facing 30 years to life in prison. also today, president obama will sign a bipartisan deal on student loan rates. rates doubled to 6.8% in july. the deal links rates to the financial markets. the average undergraduate will save about 1,500 in interest this year. good news. steve? anna? thank you, peter. anna: 23 minutes after the hour. who have we got here? if you had trouble falling asleep last night, you re not alone. over half of america s adults experience one or more instances of insomnia at least one night a week. steve: you might be able to wear something like this? we brought in our tech expert with some of the best gadgets to help you catch some z s.
to like an article. jetpacks the latest thing in water sports raising concerns about safety and marine life. and in the detroit free press kidd rock shaking up the music industry with low prices on his concert tour. parents are apparently flocking to the show. tickets 20 bucks, beer $4. time for your business news with alison kosik. last friday record highs on wall street and now expecting a loss for the week but the market s been up the past six weeks, the longest winning streak in a year. president obama set to sign a law today that will lower student loan rates for several million borrowers. rates will be cut in half to 3.86%. rates are going to fluctuate over the coming years. prisoners calling home could get a 15-minute out of state call costs $17 and the sec is going to vote today on a rate cap. studies show talking with family
there he goes. guess what happens to him? a miracle. the story you can t miss coming up next. tucker: congress patting itself on the back for lowering student loan rates but there are details they don t want you to know about. for example, what s in it for them. charles payne joins us with all the details. i m beth.