On the recordJuly 10, 2013
Yesterday afternoon, Senate Majority Leader Harry Reid stated, ``If we do nothing, student loan rates go to 6.8 percent,'' as reported by Politico. In case the Leader forgot, interest rates doubled to 6.8 percent last week. The House acted to prevent it. The Senate did not. Today, The Washington Post Editorial Board writes: The Senate is set to consider on Wednesday the Keep Student Loans Affordable Act in what could be the Chamber's only reaction to the recent doubling of a low student loan interest rate . . . lawmakers should reject this pathetic nonsolution. The editorial continues: With the President and the House in near alignment on the student loan issue, the Senate has no excuse to fail. Mr. Obama should press Democrats hard and work with Republicans to strike a deal, not to vote for dead-end policy. Unfortunately, rather than solve problems, the Senate is wasting the American people's time and moving forward with another dead-end policy, what today's Post refers to as another ``campaign gimmick.'' The people deserve better. Our students deserve better in this country. Mr. Speaker, the Senate has no excuse. ____________________
Source
govinfo.gov




