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By Jueseppi B.

Barack Hussein Obama Signs America Back To Work & Opens Government

Barack Hussein Obama Signs America Back To Work & Opens Government

Statement by the OMB Director

Statement from Sylvia Mathews Burwell, Director of the Office of Management and Budget


“Now that the bill has passed the United States Senate and the House of Representatives, the President plans to sign it tonight and employees should expect to return to work in the morning. Employees should be checking the news and OBM’s website for further updates.”



President Obama Delivers a Statement


October 16, 2013 | 3:40 |Public Domain

President Obama delivers a statement on the government shutdown and the debt ceiling.






Statement by the President of the United States




James S. Brady Press Briefing Room

8:28 P.M. EDT

THE PRESIDENT:  Good evening, everybody.  Tonight, the Republicans and Democrats in Congress have come together around an agreement that will reopen our government and remove the threat of default from our economy.


The Senate has now voted to approve this agreement, and Democrats and Republicans in the House still have an important vote to take, but I want to thank the leaders of both parties for getting us to this point.  Once this agreement arrives on my desk, I will sign it immediately.  We’ll begin reopening our government immediately, and we can begin to lift this cloud of uncertainty and unease from our businesses and from the American people.


I’ll have more to say about this tomorrow.  And I’ve got some thoughts about how we can move forward in the remainder of the year and stay focused on the job at hand, because there is a lot of work ahead of us, including our need to earn back the trust of the American people that has been lost over the last few weeks.  And we can begin to do that by addressing the real issues that they care about.


I’ve said it before, I’ll say it again:  I am willing to work with anybody, I am eager to work with anybody — Democrat or Republican, House or Senate members — on any idea that will grow our economy, create new jobs, strengthen the middle class, and get our fiscal house in order for the long term.  I’ve never believed that Democrats have a monopoly on good ideas.  And despite the differences over the issue of shutting down our government, I’m convinced that Democrats and Republicans can work together to make progress for America.


In fact, there are things that we know will help strengthen our economy that we could get done before this year is out.  We still need to pass a law to fix our broken immigration system.  We still need to pass a farm bill.  And with the shutdown behind us and budget committees forming, we now have an opportunity to focus on a sensible budget that is responsible, that is fair, and that helps hardworking people all across this country.


And we could get all these things done even this year if everybody comes together in a spirit of how are we going to move this country forward and put the last three weeks behind us.  That’s what I believe the American people are looking for — not a focus on politics, not a focus on elections, but a focus on the concrete steps that can improve their lives.  That’s going to be my focus.  I’m looking forward to Congress doing the same.


But, once again, I want to thank the leadership for coming together and getting this done.  Hopefully, next time, it won’t be in the 11th hour.  One of the things that I said throughout this process is we’ve got to get out of the habit of governing by crisis.  And my hope and expectation is everybody has learned that there is no reason why we can’t work on the issues at hand, why we can’t disagree between the parties while still being agreeable, and make sure that we’re not inflicting harm on the American people when we do have disagreements.


So hopefully that’s a lesson that will be internalized, not just by me but also by Democrats and Republicans, not only the leaders but also the rank and file.


Thanks very much, everybody.


Q    Mr. President, isn’t this going to happen all over again in a few months?


THE PRESIDENT:  No.  (Laughter.)


8:31 P.M. EDT



The Senate Voted 81 Yays to 18 Nays.

The House Voted 285 Yays to 144 Nays.






From The Associated Press:




WASHINGTON (AP) — President Barack Obama has signed a measure into law reopening the federal government and averting a potential default.


The White House says Obama signed the bill early Thursday, hours after the House gave final approval.


The White House budget office has already instructed federal workers to plan to return to work Thursday morning.


The measure restores funding for the government through Jan. 15 and extends the nation’s borrowing authority through Feb. 7.


The partial government shutdown started Oct. 1. The U.S. was to reach its debt limit Thursday if no deal was reached.


As the deal neared final passage in the House Wednesday, Obama said it was now time for leaders in Washington to win back the trust of Americans that was lost during the debt-and-spending crisis.


Thank you Associated Press.


Related Article:

Checkmate America…..Democrats……And President Barack Hussein Obama.





From The New York Times:


Senate Passes Bill to End Fiscal Impasse


By  and 


WASHINGTON — Congressional Republicans conceded defeat on Wednesday in their bitter budget fight with President Obama over the new health care law, agreeing to end a disruptive 16-day government shutdown and extend federal borrowing power to avert a financial default with potentially worldwide economic repercussions.


With the Treasury Department warning that it could run out of money to pay national obligations within a day, the Senate voted overwhelmingly Wednesday evening, 81 to 18, to approve a proposal hammered out by the chamber’s Republican and Democratic leaders after the House on Tuesday was unable to move forward with any resolution. The House was expected to follow suit within hours and approve the Senate plan, which would fund the government through Jan. 15 and raise the debt limit through Feb. 7.


Shortly after the vote, Mr. Obama praised Congress for action and said the vote had cleared the way for substantive budget negotiations.


“We now have an opportunity to focus on a sensible budget that is responsible, that is fair, that helps hardworking people all across this country,” he said.


The result of the standoff that threatened the nation’s credit rating was a near total defeat for Republican conservatives, who had engineered the budget impasse as a way to strip the new health care law of funding even as registration for benefits opened Oct. 1 or, failing that, to win delays in putting the program into place.


The shutdown sent Republican poll ratings plunging, cost the government billions of dollars and damaged the nation’s international credibility. President Obama refused to compromise, leaving Republican leaders to beg him to talk, and to fulminate when he refused. For all that, Republicans got a slight tightening of income verification rules for Americans accessing new health insurance exchanges created by the Affordable Care Act.


“We fought the good fight,” said Speaker John A. Boehner, who has struggled to control conservative faction in the House, in an interview with a Cincinnati radio station. “We just didn’t win.”


In a brief closed session with his Republican rank-and-file, Mr. Boehner told members to hold their heads high, go home, get some rest and think about how they could work better as a team.


Two weeks of relative cohesion broke down into near chaos on Tuesday when Republican leaders failed twice to unite their troops behind a last-gasp effort to prevent a default on their own terms. By Wednesday, House conservatives were accusing more moderate Republicans of undercutting their position. Representative Charlie Dentof Pennsylvania, a leading Republican voice for ending the fight, said Congress should have passed a bill to fund the government without policy strings attached weeks ago.


“That’s essentially what we’re doing now,” Mr. Dent said. “People can blame me all they want, but I was correct in my analysis and I’d say a lot of those folks were not correct in theirs.”


Under the agreement to reopen the government, the House and Senate are directed to hold talks and reach accord by Dec. 13 on a long-term blueprint for tax and spending policies over the next decade. Mr. Obama said consistently through the standoff that he was willing to have a wide-ranging budget negotiation once the government was reopened and the debt limit raised.


Mr. Boehner and his leadership team had long felt that they needed to allow their restive conference to pitch a battle over the president’s signature health care law, a fight that had been brewing almost since the law was passed in 2010. Now, they hope the fever has broken, and they can negotiate on issues where they think they have the upper hand, such as spending cuts and changes to entitlement programs.


But there were no guarantees that Congress would not be back at loggerheads by mid-January and deep skepticism exists in both parties that Representative Paul D. Ryan of Wisconsin and Senator Patty Murray of Washington, who will lead the budget negotiations, can bridge the chasm between them.


“This moves us into the next phase of the same debate,” said Senator Richard J. Durbin of Illinois, the second-ranking Democrat. “Our hope is now that Speaker Boehner and his caucus have played out their scenario with a tragic outcome, perhaps they’ll be willing to be more constructive.”


As Republican lawmakers left the closed meeting Wednesday, some were already thinking of the next fight.


“I’ll vote against it,” said Representative John C. Fleming, Republican of Louisiana, referring to the Senate plan. “But that will get us into Round 2. See, we’re going to start this all over again.”


Senator Mitch McConnell of Kentucky, the Republican leader who was instrumental in ending the crisis, stressed that under the deal he had negotiated with the majority leader, Senator Harry Reid of Nevada, the across-the-board budget cuts extracted in the 2011 fiscal showdown remained in place over the objections of some Democrats, a slim reed that not even he claimed as a significant victory.


The deal, Mr. McConnell said, “is far less than many of us hoped for, quite frankly, but it’s far better than what some had sought.”


“Now it’s time for Republicans to unite behind other crucial goals,” he added.


Chastened Senate Republicans said they hoped the outcome would be a learning experience for the lawmakers in the House and the Senate who shut down the government in hopes of gutting the health law, Mr. Obama’s signature domestic achievement. Instead of using the twin issues of government funding and borrowing authority to address the drivers of the federal deficit, conservatives focused on a law they could never undo as long as Mr. Obama is president, several lawmakers said.


“Goose egg, nothing, we got nothing,” said Representative Thomas H. Massie, Republican of Kentucky.


Senator Richard Burr of North Carolina, took a swipe at his fellow Republican senators, Ted Cruz of Texas and Mike Lee of Utah, as well as House members who linked government financing to defunding the health care law, which is financed by its own designated revenues and spending cuts.


“Let’s just say sometimes learning what can’t be accomplished is an important long-term thing,” Mr. Burr said, “and hopefully for some of the members they’ve learned it’s impossible to defund mandatory programs by shutting down the federal government.”


While Mr. Cruz conceded defeat, he did not express contrition.


“Unfortunately, the Washington establishment is failing to listen to the American people,” he said as he emerged from a meeting of Senate Republicans called to ratify the agreement.


For hundreds of thousands of federal workers across the country furloughed from their jobs, the legislative deal meant an abrupt end to their forced vacation as the government comes back to life beginning Thursday.


With strict orders not to check government e-mail while on furlough, workers were left to their own devices to figure out whether the shutdown had ended. The furlough notices that went out on Sept. 30 told workers to monitor television broadcasts and to keep an eye on the Web site of the Office of Personnel Management for instructions.


Furloughed workers at the Labor Department, for example, were told: “Please note that all employees are expected to report for work on their next regularly scheduled work day following the enactment of appropriating legislation which allows normal DOL operations to resume.”


For Mr. Boehner, who had tried but failed to unite his conference around a workable plan, Wednesday’s decision to take up the Senate bill proved surprisingly free of conflict. Hard-line Republican lawmakers largely rallied around the speaker, instead blaming their more moderate colleagues who they said had not had the backbone to stand strong in the fight against the health care law.


And Representative Raúl R. Labrador of Idaho, said was “really proud” of how Mr. Boehner had handled the situation.


“I’m more upset with my Republican conference, to be honest with you,” he said. “It’s been Republicans here who apparently always want to fight — but they want to fight the next fight — that have given Speaker Boehner the inability to be successful in this fight.”


Michael D. Shear contributed reporting.


Thank you The New York Times.





Know what I’m really proud of Representative Raúl R. Labrador of Idaho, that This Black American President, Barack Hussein Obama, stood toe to toe with a small group of wealthy greedy racist politicians from the wealthy greedy racist Tea Party and didn’t blink, didn’t “cave”, didn’t flinch and didn’t give you dumbasses a damn thing.


I’m really proud Barack Hussein Obama and his Swag Party of Democrats AND Republicans won for AMERICA!


It’s not the United States Of AmeriKKKa, but still The United States Of AMERICA. The Land Of “WE THE PEOPLE.”







From Reuters

U.S. House passes bill to reopen government, increase debt limit


WASHINGTON (Reuters) – The U.S. House of Representatives late on Wednesday passed legislation to avoid a damaging default on government debt and to reopen federal agencies shuttered when funding ran out on October 1.


The House vote came hours after the Senate overwhelmingly approved the bill. President Barack Obama earlier on Wednesday said he will promptly sign the bill into law.


Thank you Reuters



Stephen Crowley/The New York Times President Obama praised Congress, saying the vote cleared the way for substantive budget negotiations.

Stephen Crowley/The New York Times
President Obama praised Congress, saying the vote cleared the way for substantive budget negotiations.




Done deal: Obama signs debt bill into law


By Carrie Dann, Political Reporter, NBC News


After weeks of stalemate that shuttered the government for 16 days and brought the nation within hours of a key deadline to renew its borrowing authority, the standoff is finally over.


President Barack Obama has signed into law a bill to re-open the government and extend the debt ceiling – just hours after the House and Senate passed the measure with broad bipartisan support.


Obama said the measure would immediately restart federal programs that had been put on hold during the funding lapse.


“We will begin reopening our government immediately,” he said in remarks before the House passed the bill. “And we can begin to lift this cloud of uncertainty and unease from our businesses and the American people.”


Read More



Rep. John Boehner Sworn-In As Speaker Of The House

What’s in the deal to end the shutdown and extend the debt ceiling


Senate leaders Harry Reid and Mitch McConnell announced an agreement to end the partial federal government shutdown and extend the debt ceiling early on Wednesday afternoon.


Assuming the deal can pass votes in the House and Senate, the government could be back in business fully as soon as Thursday. Also, the Treasury Department could resume its borrowing programs on Thursday.


While the proposed deal makes its way through Congress, here are the basics of what made it into the agreement, and what was left out.


1. A continuing resolution funds the government until January 15, 2014. This will allow the government to recall furloughed employees, pay contractors, and reopen museums and national parks—at least until mid-January.


2. The debt ceiling is raised until at least February 7, 2014. The Treasury Department can resume its debt program and can assure global investors that U.S. Treasury instruments are the best safe haven for low-risk investment in the
world marketplace.


3. A joint committee will be formed to find a better solution to brinkmanship. The group isn’t being called a supercommittee, but it will be a conference committee of congressional Republicans and Democrats. Their goal is to find a mix of spending and entitlement cuts, and tax reform measures, that can replace the debt-ceiling drama as a way to achieve policy goals in Washington.


4. People enrolled in the Affordable Care Act , or Obamacare, will need verify their income to receive government subsidies under the plan.


5. The Treasury secretary will have the powers to take extraordinary measures to extend the debt ceiling beyond February 7. This was a bargaining point opposed by the GOP, since it makes February 7 a “soft” deadline, which can be pushed back by several months.


6. There won’t be a measure to eliminate the so-called Belly Button Tax. This is $63 per person tax that is part of the ACA that was opposed by unions.


7. The members of Congress, the president, and their staffs will keep government subsidies for their health care.


The next steps in the process will be a decision by congressional leaders about which chamber will take up the vote first. There were reports that the House would vote first on the bill, which would theoretically make it easier to get the bill through the Senate quickly.


Senators Ted Cruz and Mike Lee, key tea party figures, said they won’t oppose bringing the vote to the Senate floor for a full vote.


The Senate was in session late on Tuesday night and will likely need another late session on Wednesday night to finalize a bill for President Obama’s signature.





blogger4peacelogo obamabottomheader



By Jueseppi B.






Everything You Want to Share, in One Place:


Whether it’s with an infographic or a White Board video, we’re always looking for new ways to highlight the work President Obama is doing on behalf of the American people in a way that’s interesting and easy to understand.


Now we’ve put all of our favorite content in one easy-to-navigate page: White House Shareables. You can sort by the issues important to you, or the type of content you’d like to see.


Check out the page — and get sharing.






The President’s Judicial Nominees


Our Nation’s Energy History


Anniversary Speech: March on Washington


A Plan for College Affordability


The Importance of Higher Education


Student Loan Win


U.S. Wind Industry Report


Ways Obamacare Helps You


Protecting Homeownership


Raising the Minimum Wage


A Better Bargain for the Middle Class


Student Loan Compromise


Obamacare: Saving People Money


Immigration Reform & Our Economy


Immigration Reform: Stronger Economy


Carole King Receives Gershwin Prize


The Climate Change Plan


Immigration Reform Saves $1 Trillion


White House Staff: Immigration Stories


Income Inequality & Wealth Concentration


Obamacare: Strengthening Medicare


Energy Agenda: Gas Prices


BRAIN Initiative


Energy Security Trust


Middle-Class Tax Cuts






After THAT Speech…If YOU Still Don’t Understand ObamaCARES……



Vice President Joseph Robinette “Joe” Biden, Jr. Tours Flood-Affected Areas In Colorado



Barack’s World™ For Thursday The 26th Of September



Renewing The Call To Combat Human Trafficking



This Work Is Personal To Me



TheObamaCrat™: Affordable Care Act Marketplace Premiums. ObamaCARES Enrollment Starts Oct. 1st.



Delivering On The Affordable Care Act: Marketplace Premiums Lower Than Expected



blogger4peacelogo obamabottomheader


YOU Doubled My Rate!!!

By Jueseppi B.





A month ago, we launched a national movement together to cut student loan interest rates. More than one million people signed on to give students the same good deal we give the big Wall Street banks.


So far, we can’t get a cut. But it’s worse than that.


Today, interest rates on new student loans will double to 6.8%, yet Republicans continue to block a vote to keep rates at the current 3.4% for another year. Instead, at a time when the government is scheduled to make obscene profits on federal student loans — $51 billion this year — Republicans have proposed their own plan to increase government profits even more.


We will not play chicken with our students’ future. That’s why my colleagues and I, led by Senators Jack Reed (D-RI) and Kay Hagan (D-NC), have introduced the Keep Student Loans Affordable Act, to lock in the current 3.4% interest rate for one more year as we continue to push for real, long-term reform. On July 10, the Senate will vote on this proposal. 


If you support stopping student loan rates from doubling, I need you to call on Congress to pass the Keep Student Loans Affordable Act by adding your name today.


There’s a fundamental question here: Should we be investing in our students who want to build a better future for themselves and their families, or should the government be profiting at their expense?


One year is just a short-term patch. But we need the time to fight the bigger fight.


In the long-term, we need to address the $1.1 trillion dollars in existing debt, to bring exploding college costs under control, and to stop treating our students as a profit center for our government.


DFA members have done amazing work. You’ve called Senators, written letters, and brought new leading educators on board. We are on the right side on this issue, and I know that if we push harder, in time we will win the day.


But with the deadline now passed, our students shouldn’t pay for Congress’s failure to act. Allowing rates to double this summer, or passing the costly Republican plan, would add billions to the already enormous debt burden our students suffer.



Holding interest rates at 3.4% now gives us the time to craft a real solution, one that offers real relief and real reform.


Join me and demand Congress lock in low interest rates low today.


Thank you for being a part of this,



Senator Elizabeth Warren

















Thursday’s Daily Word From Barack’s House: It’s A Potpourri!!


By Jueseppi B.






Note: Watch the first “We the Geeks” Hangout on Thursday, May 16, at 2:00 p.m. EDT on WhiteHouse.gov and on the White House Google+ page. You can join the conversation on Twitter with the hashtag #WeTheGeeks.





On May 16th, the White House is kicking off “We the Geeks,” a new series of Google+ Hangouts to highlight the future of science, technology, and innovation here in the United States. Topics such as commercial space exploration, science, technology, engineering, and math (STEM) education, turning science fiction to science fact, and others will be discussed with Administration officials and key private sector contributors.


The first “We the Geeks” Hangout will focus on Grand Challenges, ambitious goals on a national or global scale that capture the imagination and demand advances in innovation and breakthroughs in science and technology. Grand Challenges are an important element of President Obama’s Strategy for American Innovation. On April 2nd, the President called on companies, research universities, foundations, and philanthropists to join with him in identifying and pursuing the Grand Challenges of the 21st century.




Photo of the Day: Honoring Our National Peace Officers



Barack Obama, Eric Holder




Barack Obama





President Obama Speaks at the National Peace Officers Memorial Service

May 15, 2013 | 9:37 | Public Domain


President Obama delivers remarks at the National Peace Officers Memorial Service, an annual ceremony honoring law enforcement who were killed in the line of duty in the previous year.




Yesterday, President Obama spoke at the National Peace Officers Memorial Service, an annual ceremony honoring law enforcement officers killed in the line of duty in the previous year.


The President said that the 143 officers honored “exemplified the very idea of citizenship — that with our God-given rights come responsibilities and obligations to ourselves and to others.”


Read more of the President’s remarks here.





President Barack Obama bows his head after placing a flower in a wreath during the National Peace Officers Memorial Service, an annual ceremony honoring law enforcement who were killed in the line of duty in the previous year, at the U.S. Capitol in Washington, D.C. May 15, 2013. Chuck Canterbury, National President, Fraternal Order of Police and Linda Hennie, President, FOP Auxiliary stand with the President. (Official White House Photo by Pete Souza)




President Barack Obama greets audience members during the National Peace Officers Memorial Service, an annual ceremony honoring law enforcement who were killed in the line of duty in the previous year, at the U.S. Capitol in Washington, D.C. May 15, 2013. (Official White House Photo by Pete Souza)



In Case You Missed It






Here are some of the top stories from the White House blog:


Hanging out with “We the Geeks”
The White House is kicking off “We the Geeks,” a new series of Google+ Hangouts to highlight the future of science, technology, and innovation here in the United States.


President Obama Discusses the Internal Revenue Service
President Obama discusses the Treasury Department’s review of the Internal Revenue Service.


The President and Vice President’s 2012 Financial Disclosure Forms
See the President and Vice President’s 2012 financial disclosure reports.



Today’s Schedule






All times are Eastern Daylight Time (EDT).


9:50 AM: The President holds a bilateral meeting with Prime Minister Erdogan of Turkey.



12:00 PM: The President and Prime Minister Erdogan of Turkey hold a joint press conference.



1:30 PM: The Vice President, Dr. Jill Biden and Secretary of State Kerry host a lunch in honor of Prime Minister Erdogan.



2:30 PM: The Vice President meets with Prime Minister Ivica Dacic of Serbia.



4:30 PM: The President meets with senior advisors.



5:15 PM: The Vice President delivers remarks at an event with Prime Minister Erdogan.




6:30 PM: The President hosts a working dinner with Prime Minister Erdogan of Turkey.




Statements and Releases


May 16, 2013

Fact Sheet: U.S.-Turkey Partnership



May 16, 2013

Fact Sheet: U.S.-Turkey Economic Partnership



May 16, 2013

Op-Ed by President Obama: A Partnership That Delivers




Speeches and Remarks


May 16, 2013

Dr. Jill Biden Announces Sarah Baker as Policy Director







5/15/13: White House Press Briefing


Published on May 15, 2013

White House Press Briefings are conducted most weekdays from the James S. Brady Press Briefing Room in the West Wing.







President Obama Makes a Statement

May 15, 2013 | 3:36 | Public Domain


President Obama delivers a statement on the situation regarding the Internal Revenue Service after meeting with senior Treasury officials.











President Obama Discusses the Internal Revenue Service


Matt Compton
Matt Compton

May 15, 2013
07:16 PM EDT


Just after 6:00 PM ET, President Obama spoke from the East Room of the White House about the Treasury Department’s review of the Internal Revenue Service.


“I’ve reviewed the Treasury Department watchdog’s report, and the misconduct that it uncovered is inexcusable,” he said. “It’s inexcusable, and Americans are right to be angry about it, and I am angry about it. I will not tolerate this kind of behavior in any agency, but especially in the IRS, given the power that it has and the reach that it has into all of our lives. And as I said earlier, it should not matter what political stripe you’re from — the fact of the matter is, is that the IRS has to operate with absolute integrity. The government generally has to conduct itself in a way that is true to the public trust. That’s especially true for the IRS.”


The President laid out a series of steps aimed at holding the responsible parties accountable and putting new safeguards in place to prevent future issues.



President Barack Obama delivers a statement on the situation regarding the Internal Revenue Service after meeting with Senior Treasury officials, in the East Room of the White House, May 15, 2013. (Official White House Photo by Pete Souza)




Jay Carney
May 15, 2013
03:05 PM EDT


Today, the President and Vice President released their 2012 financial disclosure reports.


The Ethics in Government Act of 1978 requires high-level federal officials to publicly disclose their personal financial interests. The public filing system serves to prevent financial conflicts of interest by providing for a systematic review of the finances of government officials. Those finances are set forth in annual disclosures which are reviewed and certified by ethics officials. Neither the President nor the Vice President have any conflicts of interest, and their reports have been reviewed and certified by the independent Office of Government Ethics. We are continuing this Administration’s practice of posting these forms online here in the interests of transparency:


View the President’s 2012 financial disclosure report (pdf)


View the Vice President’s 2012 financial disclosure report (pdf)


White House staff are also completing their forms and we anticipate they will be available here next month, also in electronic form.


For more information




Joint Press Conference with President Obama and Turkish Prime Minister Erdogan at White House


Published on May 16, 2013

President Barack Obama said Thursday that the U.S. and Turkey will keep ramping up pressure to oust Syrian President Bashar Assad from power, with his country’s civil war having “wracked the region.” At a news conference with Turkish Prime Minister Recep Tayyip Erdogan in the White House Rose Garden, Obama says the only way to resolve the crisis is for Assad to hand over power to a transitional government. He says Turkey will play a critical role in that process.






President Barack Obama welcomes Turkish Prime Minister Recep Tayyip Erdogan to the White House. The ongoing crisis in Syria is expected to be among the topics that are discussed.President Obama, Turkey’s Prime Minister Erdogan speak to press.
















By Jueseppi B.






Get this: Student loan interest rates are about to double to 6.8 percent. But big banks? They’re getting a sweet, sweet deal on borrowing money from the Fed: 0.75 percent.


No, that’s not a typo. Students will be paying 900 percent more than the biggest banks on Wall Street to borrow money.


Here’s what Sen. Elizabeth Warren had to say about that:

“As a country, every time we advance money to the big banks at low interest rates, we invest in those banks. We should be making at least that same kind of investment in our students.”



She’s right — and she just introduced her first bill to the Senate to fix this absurdity.


Back up Sen. Elizabeth Warren — become a citizen co-sponsor of her bill to give students the same ultra-low interest rates as big banks.



Sen. Warren Introduces the Bank on Students Loan Fairness Act


Published on May 8, 2013

Senator Warren Introduces the Bank on Students Loan Fairness Act, her first piece of stand-alone legislation, on May 8, 2013. The bill would would students who are eligible for federally subsidized Stafford loans to borrow at the same rate the big banks get through the Federal Reserve discount window. The full text of Sen. Warren’s remarks may be found here:http://1.usa.gov/143CUcs







Massachusetts Senate Warren.JPEG-0625f.r




On July 1st, the interest rate on new federal student loans is set to double from 3.4% to 6.8%. That rate is nine times higher than the rate at which the government loans money to the big banks.

That just doesn’t make sense. The federal government is profiting off loans to our young people while giving a far better deal to the same Wall Street banks that crashed our economy and destroyed millions of jobs.


That’s why I’ve introduced the Bank on Students Loan Fairness Act as my first bill in the Senate: To allow students to borrow money at the same rate as the biggest banks.


Please join me by signing onto the bill as a citizen co-sponsor.


College students carry more than $1 trillion in student loan debt, more than all the credit card debt in the country.


That’s a crushing burden on our kids and a crushing burden on our economy. Today’s graduates aren’t just delaying buying a home and starting a family — they’re moving back home with mom and dad and struggling to create some economic security.


The big banks that crashed our economy receive loans from the federal government at a rate of only 0.75% — that’s right, three-quarters of ONE percent. If Congress doesn’t act by July 1, our students will pay nine times more than big banks. Our students are the engine of our economic future, and they deserve at least the same deal as Wall Street.


Students don’t get the same Too Big to Fail guarantee as the big banks. But even though some students can’t pay their loans, overall the government is making 36 cents on every dollar we put into the student loan program. Next year, student loans are expected to bring in $34 billion.


Why should the big banks get a nearly-free ride while people trying to get an education pay nine times more? It isn’t right. 


Help me pass the Bank on Students Act, Jueseppi — sign on as a citizen co-sponsor today.

Thank you,





Senator Elizabeth Warren

P.S. Loan rates double in less than two months. We can’t afford to wait – sign on today.

Democracy for America relies on you and the people-power of more than one million members to fund the grassroots organizing and training that delivers progressive change on the issues that matter. Please Contribute Today and support our mission.





Senator Elizabeth Warren takes part in a mock swearing in ceremony with U.S. Vice President Joe Biden and Bruce Mann in the Old Senate Chamber on Capitol Hill
















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