Senate Adjourns Without Passing Student Loan Bill So Rates Will Increase Monday

Congress could still act after Monday to reduce rates retroactively, however.  The Wall Street Journal has more here.  An excerpt:

As of Thursday afternoon, Democratic backers of the one-year freeze of current rates said Majority Leader Harry Reid (D., Nev.) had promised there would be a vote on July 10 on their bill. An aide to Mr. Reid said that a vote was likely, but that nothing had been agreed to yet.

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