With the impending July 1 deadline the House is chasing a go nowhere meaningless legislation on oil and gas amounting to nothing more than a political stunt.

Congress in standoff over how to pay for keeping current level

July 20, 2012

by Kaukab Jhumra Smith

WASHINGTON - With only 10 days (click here) to go before interest rates on some government-subsidized student loans are to double, Democrats and Republicans in Congress continue their stand-off over how the government should pay for the billions it would cost to keep rates at their current level for another year.
Despite the numerous versions of student-loan bills floating around the House and Senate, the prevailing belief on Capitol Hill is that the financing proposal raised by Senate Majority Leader Harry Reid (D-Nev.) in a June 7 letter to House Speaker John Boehner (R-Ohio) and Senate Minority Leader Mitch McConnell(R-Ky.) appears the likeliest to garner bipartisan support....