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Senators introduced a bill that would base student loan interest rates on u.s. treasury interest rates. instead of allowing congress to set them. but democratic congresswoman karen bass would prefer a loan forgiveness program for those who reliably start paying off their debts. if they are paying and staying up to date that after 10 years that loan would be forgiven up to $45,000. melissa francis says the best course forward is to consolidate as much of your debt, refinance if you can, and pay it off. and she also urges college students to study something in school that, quote: has a job on the other side. bret? bret: molly, thank you. the fbi is looking into secret recordings made in the kentucky office of senate minority leader mitch mcconnell and obtained by liberal magazine mother jones. mcconnell s people acknowledge they are working with law enforcement and charge that the left is using watergate style tactics. in the recording, advisors are heard discussing the possibili ....
Of student loan interest rates, that making sure that women have access to meaningful health care such as birth control, saying that people who, you know, have access to free school lunches when they aren t able to afford them for themselves, so say that that does not benefit all of us bribery. it s simply unconscionable. i guess we have to be really, really happy he gave barack obama the best gift of all, himself as a candidate. he did. michael, mr. romney seems incapable of understanding a very simple truth, the electorate didn t like him, they didn t like his policies, but he s moaning because he got thrashed. i thought elections were about accepting the decision of the electorate. is that not the case now? yeah, obviously this has been a tough time for mitt romney. putting it mildly. i wouldn t have imagined two or three years ago mitt romney, who was then, you know, sort of ....
Class. audience, we have mable who has a comment about subsidized student loan interest rates, which was a hot button issue on capitol hill earlier in the summer. what did you want to say? in 2007, george w. bush signed a bill to cut interest rates in half until 2013. but low interest rates are set to expire july 1st going back to 6.8 as opposed to the current 3.4%. it just baffles me that teu dents like myself who have to take out loans, have to not know what to expect next year if the bill isn t passed or isn t extended for a little bit longer. it s an interesting point, professor. you have children s futures literally in the hands of elected politicians who use it as a wedge issue year to year. we all know that one of the reasons is on the wrong side of student loan reform in election year. is that fair to kids that their future is always up like a ball all the time in. it s a great question. ....
Race in texas was there was no substantive issue differences between ted cruz and his opponent. it was specifically that he charged his opponent, you know, rick perry s deputy is too much of a compromiser, too likely to work with but the word moderate is now like a four-letter word. specifically said too likely to work with mcdonnell. or look at somebody like todd akin, who is taking on claire mccaskill. that was very recently, it s not as big as the debt ceiling debacle but there was recently a compromise to stop federal student loan interest rates from rising. you know, but during that debate todd akin, who might now end up in the senate, said that federal involvement in student loans has thrust america into the stage 3 cancer of socialism. so this is not somebody who s going to be able to work on federal education policy except to obstruct it at every step. richard murdoch, the tea party candidate, could be the ....
Distressing chart there. good to have you here. make sure that you catch liz on the fox business network. countdown to the closing bell, heirs at 3:00pm eastern time. then you can tune in for after the bell after it closes. we do after the bell at 4:00. liz coanchors with david asman, they bring you the breaking business news and explain what it all means for the bottom line and the market as they look ahead. bill: it s cool how it works that way. thank you. new concerns about the impact to keep student loan interest rates from doubling this year. some say it could add to the ballooning federal budget deficit and impact the middle class. mike emanuel in washington with more on this. reporter: the overall outstanding student loan balance both public and private is $904 billion. the average federal student loan for a debt for a graduating senior from a four-year undergraduate program is according to the department of graduation $17,063 per ....