The interest rate on government-backed student loans is going to jump from 3.4 percent to 6.8 percent Monday.
Republicans, Democrats and the Obama administration could not agree on a plan to keep it from happening. Lawmakers say a deal is still possible after the July 4 recess. But if they don't agree on a plan soon, 7 million students expected to take out new Stafford loans could be stuck with a much bigger bill when they start paying the money back.
It has been one of the more heated debates in Washington this year.
Developers in Phoenix are scrambling to keep up with another frenzied demand for housing. During the Great Recession, homebuilders in the suburbs abandoned neighborhoods that were only half-built. These so-called zombie subdivisions left a ring of unfinished construction around the city.
British singer Omar was a child musician back in the '70s and '80s, but he's done a lot of growing up since then. Now married with two daughters, Omar has a new album, The Man, which marks a turning point in his life.
"It's about changing," he says. "Since I've had [my girls], there's a purpose to my life now. It's about growth, development and evolution."
The Man is the singer's first project in seven years. Stripped down to a natural level, the album is assembled in a way that hearkens back to the musician's early days.
Samuel Taylor was raised in a religious family. When he came out to his mother, Connie Casey, she sent him to a series of conversion therapy ministries affiliated with Exodus International, the Christian organization that folded this month and apologized to the gay community for trying to "correct" same-sex attraction.
An irony of therecent Texas political theater: Democratic state Sen. Wendy Davis' filibuster aimed at stopping anti-abortion legislation raised not only her profile but that of Republican Gov. Rick Perry.
Shortly after Davis' talkathon ran out the clock on a bill that would potentially have made abortions much harder for women in Texas to obtain after 20 weeks of pregnancy, Perry put himself back in the national headlines.
Federal regulators are suing former MF Global Holdings CEO Jon Corzine, accusing him of not properly supervising the company that filed for bankruptcy back in 2011. The Commodity Futures Trading Commission says Corzine failed to keep money that belonged to the brokerage's customers from being used to cover MF Global's obligations.
Originally published on Fri June 28, 2013 11:10 am
Changing its story. Walking it back. Clarifying.
Whatever you call it, the IRS inspector general now has a different account of what investigators knew about the ideologies of the groups that underwent extra scrutiny as they sought tax-exempt status.
Inspector General J. Russell George explained in a letter released Thursday morning that investigators knew all along "progressives" were listed in documents used by IRS agents to screen applications.
High-rise apartment buildings might not seem like fertile ground for making compost.
But officials in New York want to capture and recycle more of the city's food waste — even in some of the nation's most vertical neighborhoods. They're expanding a pilot program that's also trying to encourage composting by turning greenmarkets and libraries into drop-off sites for residents' food waste.
Egypt's President, Mohammed Morsi, was sworn into office one year ago this Sunday. Opposition groups plan major protests to mark the anniversary. Egyptians face rising food prices, fuel shortages and power outages in blistering summer heat.
And Merritt Kennedy reports from Cairo, demonstrators are calling for early elections and vowing to stay on the streets until Morsi quits.
The Senate approved a sweeping immigration bill Thursday, endorsing a bill that would put millions of immigrants who illegally entered the United States on a path to citizenship. The final vote tally on the bill was 68 in favor, with 32 opposed.
The bill also includes measures that would punish employers who take advantage of immigrant workers, as well as providing billions in spending to employ fences and high-tech tools to help secure the border between the U.S. and Mexico.
All 52 Democratic senators voted for the bill, along with 14 Republicans and two independents.