The Republican-led U.S. House of Representatives defied a veto threat by President Barack Obama on Friday and voted to take money from his healthcare overhaul to pay for an extension of low-interest federal student loans.
Joseph Lazzaro
Apr 27, 2012
Mitt Romney may never have anything that comes close to President Barack Obama's hip and stylish image, but the likely Republican nominee is hoping to use Obama's reputation -- against Obama.
Sara Dover
Apr 27, 2012
The student loan debate continues in Washington as the House plans to vote on a bill Friday that would keep interest rates at 3.4 percent for subsidized Stafford loans, instead of increasing to 6.8 percent on July 1.
Lauren Holter
Apr 27, 2012
President Barack Obama on Tuesday made an appearance on Late Night with Jimmy Fallon at the University of North Carolina at Chapel Hill, where he slow jammed the news of a possible increase in the Stafford student loan interest rates.
Laura Matthews
Apr 25, 2012
President Obama, relating his and the First Lady's experiences with student loans, told a crowd of college students that he's been in their shoes.
Ashley Portero
Apr 24, 2012
In a stark reminder of how the recession has damaged the employment prospects of young Americans, an analysis found that more than half of recent college graduates are out of work or toiling in unskilled jobs.
Jeremy White
Apr 23, 2012
President Obama is urging Congress to prevent a planned interest rate increase on federal student loans, weighing in on the latest budget showdown.
Jeremy White
Apr 20, 2012
What would you do if you won the estimated $640 million Mega Millions jackpot tonight?
Howard Koplowitz
Mar 30, 2012
Good 'ole Joe. You can always count on him to say what he shouldn't. Remember when the revolution was underway in Egypt? In stepped Joe to praise Hosni Mubarak, the Egyptian dictator.
Nathan Harden
Feb 16, 2012
President Barack Obama, in his new $3.8 trillion budget proposal for 2013, called for taxes on the wealthiest Americans, a reduction in the national deficit and adequate funding for education.
Bhaskar Prasad
Feb 15, 2012
One frequent criticism of the Occupy movement was its lack of coherence in formulating demands. Today, the 99 Percent Declaration puts an end to those assertions.
Dale W. Eisinger
Feb 14, 2012
The State Bank of India (SBI), the country's biggest lender, reported an unexpected rise in bad loans for the third quarter, taking the shine off healthy growth in loan demand and interest income that helped it post a 15 percent rise in net profit.
W Rorrkychand Singh
Feb 13, 2012
President Obama revealed a new college affordability plan Friday that would increase federal grant money available in low-interest loans.
Lauren Holter
Jan 27, 2012
The New York state's financial regulator is probing several large banks, including Bank of America Corp and Citigroup Inc, on whether they overcharged customers on force-place insurance, a source familiar with the matter said.
IBT Staff Reporter
Jan 11, 2012
U.S. consumer credit surged 10 percent in November, its biggest jump in a decade in a positive signal for the economy as consumers tapped their credit cards and the government doled out more student loans.
IBT Staff Reporter
Jan 09, 2012
U.S. consumer credit surged 10 percent in November, its biggest jump in a decade in a positive signal for the economy as consumers tapped their credit cards and the government doled out more student loans.
IBT Staff Reporter
Jan 09, 2012
Consumer credit surged in November by the most since October 2001, rising 10.0 percent on higher credit card debt and more student loans doled out by the government, a Federal Reserve report showed on Monday.
IBT Staff Reporter
Jan 09, 2012
I have never heard anyone describe themselves as “working class” or “blue collar” – even if it was obvious that these terms applied to them perfectly.
Palash Ghosh
Jan 07, 2012
The Federal Reserve predicts student loan debt will pass the $1 trillion mark this year. Students are taking out twice as much as they did 10 years ago (even after adjusting for inflation) and can't pay it back. From politicians to protesters, Americans are offering solutions to this seemingly impossible problem.
Katherine Timpf
Jan 06, 2012
Discover Financial Services should be a stock that catches the eyes of traders and investors. Crowned as the top performer this year in the Standard & Poor's 500 Financials Index, the company closed Wednesday's session at $23.82, up about 30 percent since the start of 2011. However, Discover is trading at a lower multiple compared with its peers, Visa, MasterCard and American Express.
Moran Zhang
Dec 15, 2011
Student loan company Sallie Mae Corp. (SLM) left the New York Stock Exchange and began trading on the NASDAQ stock market Monday under the ticker symbol SLM in what the company calls a "cost-effective" move. The firm also launched a new corporate logo.
Moran Zhang
Dec 12, 2011
Wells Fargo & Co. (WFC) announced Thursday the reduction of fixed interest rates for many of its private student loans, as the company tries to coincide with peak season and appeal to graduates interested in consolidating their student loan debt, as well as those who are in the midst of obtaining financing for second semester coursework.
Moran Zhang
Dec 01, 2011