 The U.S. government offers very low-interest — in some cases, near-zero interest rate — loans — that is, if you are a Big Bank on Wall Street. Sen. Elizabeth Warren (D-MA) doesn’t think it’s right for the government to give a better deal to the banks than to the American people.
The U.S. government offers very low-interest — in some cases, near-zero interest rate — loans — that is, if you are a Big Bank on Wall Street. Sen. Elizabeth Warren (D-MA) doesn’t think it’s right for the government to give a better deal to the banks than to the American people.
So she has introduced a bill that would require federal student loan interest rates to match the rates given to banks. She spoke about this bill today on the Senate floor:
WARREN: Right now as I speak the federal government offers far lower interest rates for loans every single day. They just don’t do it for everyone. Right now the Big Bank can get a loan through the Federal Reserve discount window at a rate of about three quarters of one percent. but this summer a student who’s trying to get a loan to go to college will pay almost seven percent. In other words, the fed gov is going to charge interest rates nine times higher than the rate they charge the biggest banks. The same banks that destroyed millions of jobs and nearly broke the economy. That isn’t right. And that’s why I’m introducing legislation today to give students the same deal that we give the banks.
Watch Warren’s speech:
Warren’s legislation, called the Bank On Student Loan Fairness Act, will mandate that the Federal Reserve work to provide funds for the Department of Education to provide the same rates that it provides to Big Banks for a period of one year while Congress works on a long-term solution.
 
      
 House Republicans are pushing a bill this week dubiously titled the “Working Families Flexibility Act.” The bill, if enacted,
House Republicans are pushing a bill this week dubiously titled the “Working Families Flexibility Act.” The bill, if enacted, 
 Today,Ai??Kentucky moms and gun owners from Moms Demand Action and the Progressive Change Campaign Committee held a press conference in support of gun reforms outside of the office of Sen. Mitch McConnell (R-KY).
Today,Ai??Kentucky moms and gun owners from Moms Demand Action and the Progressive Change Campaign Committee held a press conference in support of gun reforms outside of the office of Sen. Mitch McConnell (R-KY).


 At a recent town hall, an Alabama small business owner explained to his Republican Congressman Mike Rogers how the sequester is harming his business by hurting the pocketbooks of his customers, and explained how cutting government spending across the board isn’t what we need right now.
At a recent town hall, an Alabama small business owner explained to his Republican Congressman Mike Rogers how the sequester is harming his business by hurting the pocketbooks of his customers, and explained how cutting government spending across the board isn’t what we need right now.
 RepublicanAi??pollster Harper Polling has just released a
RepublicanAi??pollster Harper Polling has just released a  As Dillon gets older and grows bigger, it gets harder and harder to lift him in and out of the car. I feel that soon he will get to the point where he is bigger than me and it will be nearly impossible for me to do this, and I would no longer be able to care for Dillon. Having an accessible van for Dillon will allow our family to better provide the care Dillon requires.
As Dillon gets older and grows bigger, it gets harder and harder to lift him in and out of the car. I feel that soon he will get to the point where he is bigger than me and it will be nearly impossible for me to do this, and I would no longer be able to care for Dillon. Having an accessible van for Dillon will allow our family to better provide the care Dillon requires. My father, Walter ai???Sonnyai??? Edwards, Jr., turned 80 in November, 2012. He and my mother (his caretaker), live on social security. We have been trying for years to get them a van with a side lift but canai??i??t …
My father, Walter ai???Sonnyai??? Edwards, Jr., turned 80 in November, 2012. He and my mother (his caretaker), live on social security. We have been trying for years to get them a van with a side lift but canai??i??t …