Political Quotes

“Unless Congress acts in the next 4 days, the subsidized Stafford student loan interest rate is going double from 3.4 percent to 6.8 percent. Despite the fact that that looming deadline which affects over 7 million college students all across American is staring us in the face, what we are debating here today is a rule which allows the House to go into recess for the 10th week since January, which is part of this rule. The good news is that a couple of hours ago it was reported that the Senate and Republican leadership have actually agreed upon a settlement of this issue which would allow the 3.4 percent rate to be extended for 1 year. But I would note that Mitch McConnell, who's the minority leader for the Republic Party, said that: Final approval of student loan legislation, which would prevent rates on Federal Stafford loans from doubling to 6.8 percent, depends on House Republicans. The fact of the matter is we have no idea whether or not the House Republican leadership is going to agree to this compromise which the Senate leadership reached a few hours ago, because all we're debating here today is another adjournment or recess motion before the House. The fact of the matter is it is time for us to focus on this issue which the President on January 25 challenged Congress to act on. I started this countdown chart at day 110.…”