Negotiators closing in on student loan deal

President Barack Obama speaks in the East Room of the White House on June 21 in Washington, to call on Congress to stop interest rates on student loans from doubling on July 1.

WASHINGTON (AP) — Congressional bargainers appeared to be closing in on a compromise that would head off a July 1 doubling of interest rates on federal loans to 7.4 million college students and end an election-year battle between President Barack Obama and Congress.

Senate aides...

Published: 06/24/2012