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Zoos but bait for the sharks. lawmakers on capitol hill finally reaching a deal to prevent student loans from doubling. but what does it mean for your wallet? chief congressional correspondent mike emanuel has a huge wallet and lives in washington and has a look. brian, good morning. this is a huge issue with more than seven million students having federal student loans, the concern was that congress did nothing to address the problem, interest rates in those loans would have doubled from 3.4% to 6.8% and it would end up costing an average student $1,000 more for one year according to the congressional research service but congress worked it out and the senate republican leader complimented lawmakers for getting it done. the agreement we ve reached will ensure that college students who are already facing enormous challenges in the obama economy won t be paying higher interest rates next month. students can t wait for the president to get off the campaign trail and actually work wit ....
good evening, everyone. i m erin burnett. outfront tonight, summer blues. depression set in early today, and it set in hard. there were only 80,000 jobs added in this country in june, and the 8.2% unemployment rate didn t budge. yep. the stock market plunged, politicians and analysts alike sounded like they were on the edge of a cliff. there s a lot of misery in america today. and these numbers understate what people are feeling, and the amount of pain which is occurring in middle class america. peter buickvar equity strategist tells outfront the jobs numbers are quote, pathetic. chief u.s. economist says another month, another sub par employment report. mitt romney had it right. there is a lot of pain in a lot places, but does all the doom and bloom add up? yes, the jobs numbers weren t great, but this is a glass we re choosing to see a little bit more half full. and most americans agree with us. a new cnn poll shows 60% of people are optimistic and think eco ....
and it set in hard. there were only 80,000 jobs added in this country in june, and the 8.2% unemployment rate didn t budge. yep. the stock market plunged, politicians and analysts alike sounded like they were on the edge of a cliff. there s a lot of misery in america today. and these numbers understate what people are feeling, and the amount of pain which is occurring in middle class america. peter buickvar equity strategist tells outfront the jobs numbers are quote, pathetic. chief u.s. economist says another month, another sub par employment report. mitt romney had it right. there is a lot of pain in a lot places, but does all the doom and glood at up? yes, the jobs numbers weren t great, but this is a glass we re choosing to see a little bit more half full. and most americans agree with us. a new cnn poll shows 60% of people are optimistic and think economic conditions next year will be good. one reason for this is housing. it s a little ironic, perhaps, beca ....
blues. depression set in early today, and it set in hard. there were only 80,000 jobs added in this country in june, and the 8.2% unemployment rate didn t budge. yep. the stock market plunged, politicians and analysts alike sounded like they were on the edge of a cliff. there s a lot of misery in america today. and these numbers understate what people are feeling, and the amount of pain which is occurring in middle class america. peter buickvar equity strategist tells outfront the jobs numbers are quote, pathetic. chief u.s. economist says another month, another sub par employment report. mitt romney had it right. there is a lot of pain in a lot places, but does all the doom and glood at up? yes, the jobs numbers weren t great, but this is a glass we re choosing to see a little bit more half full. and most americans agree with us. a new cnn poll shows 60% of people are optimistic and think economic conditions next year will be good. one reason for this is housin ....
In a movement surprise congress passed student loan interest rates right where they are at 3.4%. the bill saves more than 7 million students an average of $1,000 a year, but it s only a one-year tension. guess what, guys? next year was celebrate our first anniversary of the cycle we ll get to do it all again. yeah. politically and practically, both sides had to agree to this. we all knew it was coming. they had to agree. the holup was over how they d pay for it. they reach add conclusion last week and passed it today. it goes without saying i want your feedback on this. someone from either party sometime has got to address the cost of higher education, because we are saddles in particular, low-income students by definition with tremendous debt. forcing a product on them that ....