Senate Leaders Say They Have Student Loan Deal

4 years 11 months 6 hours ago June 26, 2012 Jun 26, 2012 Tuesday, June 26 2012 Tuesday, June 26, 2012 3:41:07 PM CDT in News
By: Associated Press

WASHINGTON (AP) -- Senate leaders of both parties say they've reached a deal to prevent interest rates on millions of student loans from doubling beginning on Sunday. But House Speaker John Boehner (BAY'-nur) has yet to decide whether the pact will be agreeable to the Republican-run House.

Senate Majority Leader Harry Reid of Nevada and Senate Republican leader Mitch McConnell of Kentucky told reporters Tuesday that they have worked out an agreement between themselves.

Boehner spokesman Michael Steel says the Ohio Republican will examine the pact.

Senate aides say the agreement would keep interest rates for subsidized Stafford loans at 3.4 percent for another year. The $6 billion cost would be financed by making it more expensive for companies to get federal insurance for their pensions and reducing federal subsidies for Stafford loans.

More News

Grid
List
COLUMBIA - Traditional Native American food, crafts and dancing can be found at the tenth annual "For the People" Pow... More >>
29 minutes ago May 27, 2017 May 27, 2017 Saturday, May 27 2017 Saturday, May 27, 2017 3:48:00 PM CDT in Top Stories
COLUMBIA - Two teens were arrested early Saturday morning in relation to an armed robbery Friday night. Columbia Police... More >>
31 minutes ago May 27, 2017 May 27, 2017 Saturday, May 27 2017 Saturday, May 27, 2017 3:46:00 PM CDT in Top Stories
BOONE COUNTY - One person was extricated from a vehicle and taken to the hospital after a car crash on... More >>
1 hour ago May 27, 2017 May 27, 2017 Saturday, May 27 2017 Saturday, May 27, 2017 2:53:00 PM CDT in Top Stories
COLUMBIA— The start of the ninth annual Pedaler’s Jamboree was held on Saturday. Nine years ago when the event... More >>
1 hour ago May 27, 2017 May 27, 2017 Saturday, May 27 2017 Saturday, May 27, 2017 2:24:00 PM CDT in Continuous News
COLUMBIA - The 29th Annual Salute to Veterans Air Show is scheduled for Saturday, May 27, and Sunday, May 28... More >>
2 hours ago May 27, 2017 May 27, 2017 Saturday, May 27 2017 Saturday, May 27, 2017 2:10:00 PM CDT in News
JEFFERSON CITY - Three people were taken to hospitals by emergency personnel following a three-car wreck Saturday morning. A... More >>
3 hours ago May 27, 2017 May 27, 2017 Saturday, May 27 2017 Saturday, May 27, 2017 1:08:00 PM CDT in Top Stories
COLUMBIA – Public pools in Columbia opens for Memorial Day weekend, but they are still looking for more people to... More >>
4 hours ago May 27, 2017 May 27, 2017 Saturday, May 27 2017 Saturday, May 27, 2017 11:29:00 AM CDT in News
SPRINGFIELD, Mo. (AP) — Two months after the idea was first introduced to leaders in Springfield, Missouri, the city's new... More >>
5 hours ago May 27, 2017 May 27, 2017 Saturday, May 27 2017 Saturday, May 27, 2017 11:13:00 AM CDT in News
ST. LOUIS (AP) — St. Louis police say a man who exchanged gunfire with officers during an hours-long standoff has... More >>
5 hours ago May 27, 2017 May 27, 2017 Saturday, May 27 2017 Saturday, May 27, 2017 11:09:00 AM CDT in News
JEFFERSON CITY (AP) — Lawmakers have passed a proposal in a special session that supporters hope will bring hundreds... More >>
11 hours ago May 27, 2017 May 27, 2017 Saturday, May 27 2017 Saturday, May 27, 2017 5:13:00 AM CDT in News
JEFFERSON CITY – A father was sentenced in federal court Friday for threatening the attorney who represented one of his... More >>
20 hours ago May 26, 2017 May 26, 2017 Friday, May 26 2017 Friday, May 26, 2017 8:04:00 PM CDT in Top Stories
OSAGE BEACH – People going to Lake of the Ozarks this Memorial Day Weekend may encounter severe weather, dampening the... More >>
20 hours ago May 26, 2017 May 26, 2017 Friday, May 26 2017 Friday, May 26, 2017 7:56:00 PM CDT in Top Stories
JEFFERSON CITY - A motor vehicle collision left a man seriously injured Friday morning. Elmer Redcay, 62, was northbound... More >>
20 hours ago May 26, 2017 May 26, 2017 Friday, May 26 2017 Friday, May 26, 2017 7:53:00 PM CDT in Top Stories
COLUMBIA - Gas prices leading up to Memorial Day Weekend went up in Mid Missouri by about ten cents. ... More >>
21 hours ago May 26, 2017 May 26, 2017 Friday, May 26 2017 Friday, May 26, 2017 6:56:00 PM CDT in Top Stories
JEFFERSON CITY (AP) — Missouri economic development officials have authorized more than $6 million of incentives to several businesses that... More >>
23 hours ago May 26, 2017 May 26, 2017 Friday, May 26 2017 Friday, May 26, 2017 5:06:00 PM CDT in News
SPRINGFIELD (AP) — An Arkansas man faces up to a decade in federal prison now that he's admitted forcing a... More >>
23 hours ago May 26, 2017 May 26, 2017 Friday, May 26 2017 Friday, May 26, 2017 4:28:00 PM CDT in News
CLAYTON (AP) — A St. Louis-area woman convicted in March of secretly poisoning her son with prescription medications has been... More >>
1 day ago May 26, 2017 May 26, 2017 Friday, May 26 2017 Friday, May 26, 2017 3:13:42 PM CDT in News
JEFFERSON CITY- A 16-year-old has been detained following the April murder of 63-year-old Jerry Robertson of Jefferson City. In... More >>
1 day ago May 26, 2017 May 26, 2017 Friday, May 26 2017 Friday, May 26, 2017 3:12:00 PM CDT in Top Stories
Columbia, MO
Broken Clouds 67°
5pm 60°
6pm 62°
7pm 62°
8pm 69°

Select a station to view its upcoming schedule:

Coming Up Next

3:00p
Track & Field
5:00p
Jeopardy!
5:30p
NBC Nightly News with Lester Holt
4:00p
Rookie Blue
5:00p
Cops Reloaded
5:30p
Cops Reloaded

Tonight's Schedule

7:00p
Fast & Furious 6
7:00p
Family Guy
7:30p
Family Guy
8:00p
Bob's Burgers
8:30p
Bob's Burgers
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld