student loan uk repayment overseas
Hundreds of lawmakers fled hot and humid Washington on Thursday and Friday for an additional congressional recess, many going back to their states and districts to regroup and gird themselves to get a heady summer of legislating. CBS News reported some issues.
Among legislative issues forgotten would have been a considerable to-do list. Student loan rates are scheduled to double on July 1, and people in both sides conceded that Congress wouldn't normally act until then, promising a retroactive fix that erases the times (or weeks or months) when the doubled rate holds sway.
The House and Senate, can not agree with a remedy, will likely pursue a one-year extension from the current rate - since they did last year at this time - while lawmakers in both parties and chambers iron out their differences.
The farm bill, a funding proposal that passed the Senate didn't remove the House as a result of disagreements relating to the parties on funding for social services like food stamps. Some lawmakers are actually eyeing a brief extension with the current farm bill's funding levels to prevent calamity and allow Congress some breathing room to find a fix.
The debacles over student education loans as well as the farm bill are merely the most recent two iterations of an familiar pattern in Congress.
' Student loan rates set to be used as lawmakers continue bickering
' Farm bill fails in the House
The Bush-era tax cuts were extended after 2010 and again following 2012 before being ultimately resolved in the "fiscal cliff" agreement at the begining of 2013.
And the cost cuts referred to as the "sequester" were implemented and triggered because Congress cannot agree with an all-inclusive debt reduction package. Even the scheduled trigger from the cuts was pushed back 3 months following 2012 to get lawmakers added time to avert them.
Although rhetoric about bipartisan cooperation, education and children's health fill paper media and airwaves, little is in fact accomplished when American kids need help.
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student loan uk repayment overseas
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