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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums"Obama To Endorse Elizabeth Warren's Student Loan Proposal"
Obama To Endorse Elizabeth Warren's Student Loan Proposalby Shahien Nasiripour & Sam Stein at the Huffington Post
http://www.huffingtonpost.com/2014/06/06/obama-elizabeth-warren-st_n_5461988.html
"SNIP........................
President Barack Obama on Monday will throw his support behind a new proposal to dramatically revamp the federal student loan program, according to the White House.
A bill proposed by Sen. Elizabeth Warren (D-Mass.) would allow borrowers to potentially save thousands of dollars by giving them a chance to effectively pay off their high-rate existing loans in exchange for new loans that carry substantially lower interest rates.
The Obama administration initially was hesitant to fully embrace the bill because of disagreements over how to pay for it. But with mounting pressure from advocacy groups, and with a renewed political focus on issues confronting working families, the president has softened his opposition. Obamas endorsement would be the latest recognition to date of the ascendance of Warren-style populism within the Democratic Party.
An administration official told The Huffington Post that Obama is expected to "call for passage of the refinancing bill" when it comes up for a vote, as it is scheduled to do next week.
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liberal N proud
(60,347 posts)But I am treading water!
hedgehog
(36,286 posts)baldguy
(36,649 posts)Right?
rhett o rick
(55,981 posts)Uncle Joe
(58,459 posts)Thanks for the thread, applegrove.
JDPriestly
(57,936 posts)they represent the 99%.
Looks like they want to win real badly in November.
That's good news. But let's see them pass the bill before the Summer Recess. Or is it already Summer Recess.
Words don't pay the bills.
Here is the House calendar.
http://majorityleader.gov/Calendar/113thCongressSecondSession.pdf
Cha
(297,800 posts)JDPriestly
(57,936 posts)I remember a lot of great speeches, golden promise, followed by tremendous disappointment.
Cha
(297,800 posts)joshcryer
(62,277 posts)Calendars are irrelevant, and you know it.
So you can feign disinterest or apathy over Obama's clear desire to make this happen. This is one step into making it into the 2016 Democratic Party Platform.
Of course, you won't read the platform nor will you support it to any significant extent.
davidpdx
(22,000 posts)It would help me and many others out quite a bit.