Staring down a July 1st deadline, lawmakers on Capitol Hill are looking at ways to control the costs of federal student loans. Senator Jack Reed is behind a measure that would overhaul how student loan interest rates are calculated.
Reed and a handful of democrats in Congress are pushing legislation that offers adjustable rates and caps the maximum interest rates on federal loans. The bill also allows borrowers stuck with high interest rates to refinance.
A bill allowing states to charge sales tax for online shopping (passed/failed) in the senate. Rhode Island senator Jack Reed supported the bill, and he sat down with Rhode Island Public Radio’s Scott MacKay to talk about a variety of issues including the impact online sales have on Rhode Island’s economy.
If ever there was a Rhode Island tradition that never wanes, it is `May Breakfast,’ that old fixture where church fellowship meets scrambled eggs, bacon and coffee. It has an old-timey feel, even when it resembles a political ``time’’ as any gathering of pols was once referred as, especially when the eats were accompanied by a campaign dollar or two.
The state Republican chairman says the GOP plans to field a candidate when Senator Jack Reed seeks re-election next year. A fundraiser on Monday, featuring Massachusetts Senator Elizabeth Warren, helped pour even more money into Reed’s campaign war chest.
Reed is considered to have one of the safest seats in the US Senate, and he’s sitting on a war chest of about $2 million. Reed, a Democrat, plans to seek his fourth term next year.