I’ve been tracking the two deadlines for Congress coming up in just over a week. If no action is taken, new federal student loans will see an interest rate of 6.8%, double the current 3.4%. And there will be no surface transportation bill, meaning that highway projects with federal participation will grind to a halt and the 18-cent-per-gallon federal gas tax would go uncollected (heck, at this point, that might be the only stimulus we see this year).
|By: David Dayen Sunday June 24, 2012 7:03 pm|
|By: ThirdandState Sunday June 24, 2012 5:00 pm|
Some details emerged about the state budget framework unveiled midweek by Governor Tom Corbett and legislative leaders, but questions still remain.
|By: David Dayen Friday June 1, 2012 11:00 am|
Perhaps sensitive about a looming doubling of student loan interest rates, and reports of their indifference to the plight, House Republicans sent a letter to the President with a new proposal for how to structure an extension of the existing rates.
|By: Eric Stoner Sunday May 27, 2012 1:59 pm|
In 1961, President Eisenhower delivered his now famous farewell address, in which he warned the American people of the dangerous rise of a powerful “military industrial complex” in this country.
Last year, for the 50th anniversary of this prophetic speech, many of the leading thinkers and activists on U.S. militarism and war-making came together for a conference to take stock of how this complex has evolved and what can be done to reign it in. For those who weren’t able to attend, author and activist David Swanson has just published The Military Industrial Complex at 50, an edited collection of the insightful and inspiring remarks that were delivered at this timely event, in addition to several other complimentary essays.
|By: David Dayen Wednesday April 4, 2012 10:00 am|
Leading Democrats and the White House have taken note of the threat of a doubling of the student loan interest rate by June 30 (from 3.4% to 6.8%), and are working on steps to prevent it. However, they have to contend with a stingy House GOP that isn’t interested in finding the $6 billion or so annually that would stop the interest rate increase. This occurs as US borrowing rates to fund worthwhile investments are near zero.
|By: David Dayen Wednesday March 21, 2012 7:11 pm|
In a rare moment of disagreement among major federal agencies, the Consumer Financial Protection Bureau has found in its preliminary research of student debt that the problem is even greater than they at first surmised. A speech before the Consumer Bankers Association by Rohit Chopra, the student loan ombudsman for the agency, termed the student [...]
|By: David Dayen Wednesday March 7, 2012 6:15 am|
Romney’s rise coincides with his turn to a very negative, even cruel side of his personality, now reflected in his public policy statements. Romney hoped to float above the GOP primary, winning on the strength of outside negative ads, superior fundraising and better organization. It didn’t totally work out. So he had to alter his economic policy, to tilt it further to the right, to embrace more conservative ideas, and become the most conservative candidate on immigration policy and now education policy.
|By: David Dayen Sunday March 4, 2012 8:45 am|
The Justice Department complaint has been public since last August, and Snowe has been dinged for it locally in Maine. The fact that Snowe and her husband may have personally benefited from the ripoff of low-income college students hasn’t really entered the conversation. But often the cover story isn’t the real story. Maybe this is one of those times.
|By: Attaturk Tuesday February 28, 2012 1:30 am|
Well, Republicans in Michigan and Arizona go to the polls today (and in the Michigan a few independents and democrats will vote too, mostly for santorums and giggles).
I predict…finally…the process of settling for Ol’ one percent of the one percent to finally emerge. And the crowd will go mild.
|By: David Dayen Monday February 13, 2012 10:00 am|
Lots of people were angered by Wisconsin Governor Scott Walker’s announcement that he would use money gained from the foreclosure fraud settlement to plug his budget hole. I suspected that a lot of states with a budget gap would go this route. And that apparently includes Missouri, a state with a Democratic Governor and a Democratic Attorney General.