Senators Fail to Reach a Student Loan Deal

Student loan interest rates on new subsidized Stafford loans are set to double from 3.4 percent to 6.8 percent Monday unless lawmakers take action. Sen. Tom Harkin, the chairman of the Senate education panel, said none of the proposals circulating among lawmakers could win passage, and he urged lawmakers to extend the current rates for another year when they return from the July 4 recess. The Tennessean has more.