Sen. Elizabeth Warren (D-Mass.) made waves last week when she went to bat for cash-strapped college students, introducing a bill that would let them take out federal student loans at the same dirt cheap interest rates as big banks. Warren's...Show More Summary
Good progressives like MoveOn, New Bottom Line, the Alliance of Californians for Community Empowerment, AFR, Elizabeth Warren, and Richard Trumka, head of the AFL-CIO have all fallen in line with Obama's nomination of Mel Watt, Representative from Bank of America. It might help if they looked harder at Watt. If they were honest about it, there's not much to like.
Sens. Elizabeth Warren and Al Franken added their very strong and very progressive voices to the fight to stop the chained CPI, and any cuts to Social Security, in a summit this week organized by Social Security Works. Along with Sens. Show More Summary
Sen. Elizabeth Warren (D-Mass.) unveiled her first bill Wednesday, designed to set student loan interest rates at the same level the Federal Reserve offers to big banks. With some student loan rates set to double on July 1 -- from 3.4...Show More Summary
As a recent study indicates that college and universities are giving financial aid to rich students at the expense of poor ones Senator Elizabeth Warren is offering a bill to bring student debt relief. Warren says students should get the same rates as Wall Street.
Much respect to Senator Elizabeth Warren, the first-term Congresswoman who beat incumbent Republican Scott Brown for one of Massachusetts’ seats in the Senate. According to the Los Angeles Times, a big reason for her victory was her embrace of the Occupy Wall Street movement and criticism of big banks. And......
Pitting Federal Reserve risk-free short-term lending to banks versus long-term risky lending to students was pure political demagoguery.
Warren's first bill should be called the "Harvard Tuition Subsidization Act of 2013"
The banks aren't creating anything real, just imaginary financial instruments. But ensuring that more people have access to a college education will only improve society in the long run. So why are we bleeding poor students dry while giving big banks preferential treatment?
Consumer protection maven Sen. Elizabeth Warren, D-Mass., introduced her first piece of legislation this week, a proposal that would allow students to take out government educational loans at the same rate that big banks pay to borrow from the federal government. Show More Summary
(CNN) - On average, student loan borrowers end up carrying debt loads of $27,000. The interest rate on federal student loans is set to double this summer if Congress does not do anything about it. Sen. Elizabeth Warren, D-Massachusetts, has introduced her first piece of legislation – a bill that would give a steep, temporary […]
Wrapping up a fawning interview with Massachusetts Democratic Senator Elizabeth Warren on MSNBC's The Last Word Wednesday night, left-wing host Lawrence O'Donnell couldn't hold back his glee at Warren proposing her first piece of legislation. Show More Summary
If this isn’t comforting the afflicted and afflicting the comfortable, I don’t know what is. During an interview with Sen. Elizabeth Warren (D-MA) on Wednesday night, MSNBC prime time host Lawrence O’Donnell traded ideas on how Rep. Edward Markey (D-MA) can win in his bid to succeed Secretary of State John Kerry. Show More Summary
Did you know that Massachusetts Sen. Elizabeth Warren was a celebrity? Apparently MSNBC host Lawrence O'Donnell thinks so. After all, he...
Senator Warren Introduces the Bank on Students Loan Fairness Act, her first piece of stand-alone legislation, on Wednesday, May 8, 2013. The bill would enable students who are eligible for federally subsidized Stafford loans to borrow...Show More Summary
Stan Honda, AFP/Getty ImagesMassachusetts Sen. Elizabeth Warren. BOSTON -- U.S. Sen. Elizabeth Warren is calling on Congress to stop student loan interest rates from doubling this summer. The Massachusetts Democrat introduced a billShow More Summary
Sen. Elizabeth Warren (D-Mass.) has a plan to ease the student-debt crisis: She introduced a bill on Wednesday that would let college students take out loans at the same rate banks get when they borrow from the Federal Reserve. The rate...Show More Summary
MASSACHUSETTS Opinion of Elizabeth Warren: Generally favorable 59% / Generally unfavorable 33% / Unsure 9% (Suffolk U./7News, LV, 5/4-7) — @pollreport via web MASSACHUSETTS U.S. Senate: Edward Markey (D) 52% / Gabriel Gomez (R) 35% /...Show More Summary
Just give students the same interest rate on their loans as the big banks get from the Federal Reserve. Seems fair.
The senator’s first piece of stand-alone legislation is aimed at giving students who take out federally subsidized loans the same interest rate the big banks get when they borrow from the government. Student loans rates are set to go up to 6.8 percent July 1. Meantime, the big banks responsible for plunging the economy into a recession a few short years ago pay just 0.75 percent