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Congress on Friday failed to extend the low interest rate on federal student loans, meaning that rates on Monday a stanley becher re doubling from 3.4 percent to 6.8 percent. Lawmakers are expected to return from their July 4th recess next week to potentially retroactively extend the lower rate for another year; in the meantime, they kept up the blame game on Monday. Today, student loan rates will increase simply because Senate Democrats failed to act, Hous stanley flasche e Majority Leader Eric Cantor, R-Va., said in a statement, pointing out that the GOP-led House passed a bill to extend the rate.Democrats, meanwhile, argued the House bill amounted to a plan for the GOP to profit off students. Under pressure, Congress often kicks the canHow student loan rate impacts the economy While both sides seem to be in favor of lower rates, the disagreement essentially comes down to whether or not to tie the interest rate to financial markets. The House Republican bill would use market-based rates, which the nonpartisan Congressional Budget Office projects could save the government $3.7 billion over 10 years. Congressional Democrats, however, point out that students would likely pay higher and higher rates. The rate hike, if it goes into effect, would impact the seven million people who will take out a loan this year, not those who already have student loans. Accor stanley cup ding to CBS News analyst Mellody Hobson, a higher rate could have a noticeable impact on the economy. D Qobd Trump on the Oscars: It didn t feel like a very glamorous thing
Charles Manley votes in Missouri s presidential primary, Tuesday, Feb. 7, 2012, in St. Louis. AP Photo/Jeff Roberson stanley website Updated at 9:05 p.m. ETThe doors have closed at Missouri polling precincts and caucus locations in Minnesota and C stanley cup usa olorado, where voters will weigh in tonight on the Republican presidential nomination. Officially, a total of zero delegates will be awarded after Tuesday s contests: The Colorado and Minnesota caucuses are the first step in a long process to assign delegates, and the Missouri primary is considered a beauty contest, since delegates will be awarded after the state s March 17 caucuses. Still, the nominating contests could give some indication of which candidates have lasting momentum.Former Massachusetts Gov. Mitt Romney could have the advantage. Romney, who handily won the Florida primary and Nevada caucuses last week, easily won both Colorado and stanley termoska Minnesota in the 2008 Republican presidential primaries. In Minnesota, Romney should also benefit from the fact that independents are permitted to participate in the caucuses. Romney also has the frontrunner status going into Tuesday, after winning three of the first five contests. However, the former governor sought to tamp down expectations Tuesday, signaling his GOP rivals, particularly former Sen. Rick Santorum, could have a strong night. New polls from Public Poli