Congressional Inaction Could Cost College Students
WASHINGTON — Congressional inaction could end up costing college students an extra $5,000 on their new loans. The rate for subsidized Stafford loans is set to increase from 3.4 percent to 6.8 percent on July 1, just as millions of new college students start signing up for fall courses. The difference between the two rates adds up to $6 billion. Just a year ago, lawmakers faced a similar deadline and dodged the rate increase amid the heated presidential campaign between President Barack Obama and Republican challenger Mitt Romney. But that was with the White House up for grabs and before Washington was consumed by budget standoffs that now seem routine. “What is definitely clear, this time around, there doesn’t seem to be as much outcry,” said Justin Draeger, president of the National Association of Student Financial Aid Administrators. “We’re advising our members to tell students that the interest rates are going to double on new student loans, to 6.8 percent.” (MORE: Schools ...
Market Extra: How the election outcome may affect bonds
Whether Barack Obama or Mitt Romney wins the November presidential election make several difference to bond investors.
Romney tacks to the center, Obama silent on 47 percent
Thursday, October 4, 2012 - 07:49 Michael Reynolds-Pool/Getty Images U.S. President Barack Obama (L) listens as Republican presidential candidate and former Massachusetts Gov. Mitt Romney (R) speaks during the Presidential Debate on October 3, 2012 in Denver, Colorado. Last night's debate brought a number of what seem -- at first blush -- like novel developments: Pivots on critical issues by Romney; the president leaving out seemingly obvious talking points. "It is not surprising, and the third element where Romney tacked to the center was compromise," says Frank Newport, editor-in-cheif of Gallup. Also, not so surprising was the president's choice leave out Romney's 47 percent comments. "Our polling shows that Americans are actually sympathetic to the themes that Romney was making with the 47 percent," says Newport, with almost two-thirds stating that Americans are too dependent on the government. Looking forward to the vice presidential debate next week, American's favorability of Biden ...
In debate Romney hits on strengths with voters
Thursday, October 4, 2012 - 05:49 Joe Raedle/Getty Images People at the Lavanderia coin laundry watch as U.S. President Barack Obama and Republican presidential candidate and former Massachusetts Governor Mitt Romney debate on October 3, 2012 in Miami, Florida. The first presidential debate between Barack Obama and Mitt Romney is in the history books. The morning after, voters and commentators are giving the edge to republican candidate Mitt Romney. Romney drew on his strengths with voters -- the economy, the deficit, the affordable care act, and the role of the federal government. Gallup editor-in-chief Frank Newport says, "Romney was able to hit each of those strengths -- pre-existing attitudinal strengths -- in his answers, and that's always good news for somebody if you can expand on what people already view as your strengths." There were a few areas that Obama was able to talk to his popular positions with voters, such as alternative energy, Medicare, and the middle class. "Based on ...
Video: First Presidential Debate: Taxes
During the second segment of the first presidential debate of 2012, Mitt Romney and Barack Obama squared off on their differences over the future of tax rates.
Found more than 1 month ago on channel CBS