NEWS FLASH

Senate Minority Leader McConnell Endorses Student Loan Rate Fix | Speaking a press conference today, Senate Majority Leader Mitch McConnell (R-KY) endorsed a proposal before Congress to extend lower interest rate for government-backed student loans. “I don’t think anybody believes this interest rate ought to be allowed to rise,” McConnell said. However, he cautioned that the cost of the extension must be offset with cuts elsewhere, and was unsure that lawmakers would be able to find and agree on them. Indeed, House Republicans have expressed pessimism about the possibility of extending the rate cuts, even as President Obama has launched a campaign around building momentum for the extension.