THE DAILY CALLER
Reporter, The Daily Caller News Foundation
“Massachusetts Democratic Sen. Elizabeth Warren introduced legislation this week that would increase federal student loan subsidies by lowering interest rates for a year and funding them through the Federal Reserve.
The bill is called the Bank on Student Loans Fairness Act, and represents Warren’s solution to the student debt crisis. It would set interest rates for federally-subsidized student loans at 0.75 percent for one year.
The current interest rate is 3.4 percent, but will double on July 1st unless Congress intervenes.” [QUOTE]
Read more: http://dailycaller.com/2013/05/10/elizabeth-warren-wants-federal-reserve-to-subsidize-student-loans/#ixzz2T53Wj4RD
By Domenico Montanaro, Deputy Political Editor, NBC News
As the Obama administration girds for “glitches and bumps” along the path to full implementation of the health-care law, a new poll indicates many Americans are still unclear about the details of the new law and, in some cases, unaware it’s actually law of the land.
A whopping 42 percent of Americans do not know that the Affordable Care Act is, in fact, law. Included in that 42 percent — 12 percent believe it has been repealed by Congress, 7 percent think the U.S. Supreme Court overturned it, and 23 percent are unsure of its status, according to a Kaiser Family Foundation health tracking poll.
President Barack Obama became the center of the universe Friday when he tried to explain a special power to get Congress to take his deal to avert the sequester.
“The fact that they don’t take it means that I should somehow do a Jedi mind-meld with these folks and convince them to do what’s right,” Obama told reporters at the White House. FULL ARTICLE
It’s Friday, March 1, and that means the federal government has crossed the much-hyped and dreaded deadline for the fiscal reductions known as the “sequester.”
The members of Congress who for voted for the Budget Control Act – and the budget cuts contained within – and President Barack Obama who signed it into law on Aug. 2, 2011, may not have believed the day would arrive, but now it has.
But today is only the beginning of the beginning. FULL ARTICLE
English: President Barack Obama and Vice President Joe Biden shake hands in the Oval Office following a phone call with House Speaker John Boehner securing a bipartisan deal to reduce the nation’s deficit and avoid default, Sunday, July 31, 2011. (Official White House Photo by Pete Souza) (Photo credit: Wikipedia)
By Tom Curry, National Affairs Writer, NBC News
As head of the executive branch
, and as the man who dominates media coverage, President Barack Obama
has a strong and unique advantage over his Republican foes: he’s got the power to control both the practical details and the theatrics of the ongoing sequestration debate.
He can design the spectacle in a way that could inflict political embarrassment and damage on Republicans, with the goal being to pressure them to agree to another round of tax increases.
Those hikes would be part of a deal to avert the spending cuts mandated by the Budget Control Act, which Congress passed and Obama signed into law in 2011 as part an agreement to raise the government’s borrowing limit.
RELATED: GOP could pay political price on sequester
As part of that sequestration plan, $1.2 trillion in federal spending will be cut over 10 years, totaling $44 billion for the period beginning March 1 and ending in October.
What dark motives are at play?