Obama, GOP trade swipes in student loan dispute

WASHINGTON – The White House release of some 100 pages of emails and notes about the deadly attack on the U.S. diplomatic mission in Benghazi, Libya, last year has failed to satisfy congressional Republicans, who are demanding more information.

While commercial and personal borrowers are currently enjoying historically low interest-rates on loans, and big banks are able to obtain loans at less than one percent interest, student borrowers have had to fight against lawmakers looking to raise interest rates on federally subsidized student loans.

WASHINGTON — Senate Republicans on Thursday blocked the nomination of former GOP senator Chuck Hagel as the nation’s next defense secretary over unrelated questions about President Barack Obama’s actions in the aftermath of the deadly raid on the U.S. diplomatic mission in Libya. Obama accused Republicans of playing politics with national security during wartime, and Democrats vowed to revive the nomination after Congress’ weeklong break.

Student loan debt is now one of the Obama Administration's biggest cash cows. The government is poised to pocket a record $51 billion profit from federal student loan borrowers this year, according to a report by the Congressional Budget Office. 

Sequester politics just got dirty. Seizing on the public’s frustrations with sudden delays in the nation’s major airports, Senate Republicans on Tuesday charged the Obama administration with “manufacturing” a slowdown of airline flights by furloughing FAA traffic controllers rather than finding other savings under the sequester.