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to a bill that House Republicans have passed, and to President Obama's
budget proposal."There is no question that there is a compromise available
on this important issue and that the sides have not been that
far apart and we just need to get it done," White House
spokesman Jay Carney said before the Congressional Budget Office released
its estimate."We have been working with lawmakers to make that compromise
happen. We need to make sure that students don't see their rates
double," he said.Under the plan lawmakers were considering, interest rates
on new loans would be based on the 10-year Treasury note, plus
an additional percentage to pay for administrative costs. The proposal includes
a limit on how high rates could climb, a demand Democrats said
was a deal-breaker.That provision proved unexpectedly costly and, for the
moment, proved problematic for negotiators.Undergraduate students would
have seen better terms than the current 6.8 percent rate but could
have faced higher costs if the economy improves and Treasury notes become
more expensive. Rates for students this fall would have been around 4
percent and would have been capped at 8.25 percent in future years.Graduate
students and parents could have found better deals next year but again
would have faced higher rates than the current 7.9 percent. Borrowing for
those PLUS loans would have been around 6 percent this fall and
capped at 9.25 percent in coming years.Serious work on
June 22, 2013: Gophers line the city sidewalks in Calgary, Alberta.ReutersA
total of 650,000 civilian employees are now being furloughed at U.S. military
bases in response to sequester cuts -- but the Department of Defense
is still spending millions to protect fuzzy critters.Joint Base Lewis-McChord
(JBLM) in Washington state just received a $3.5 million department grant
to purchase land around the base in an effort to protect the
Mazama pocket gopher, a species that has not even been listed as
endangered or threatened.The expense is not sitting well with furloughed
workers."That really makes me mad that they would do that," said Matt
Hines, one of 10,000 civilian employees forced to take a 20 percent
pay cut. "I'm all for saving animals, but at what cost?"Under REPI
(Readiness and Environmental Protection Initiative), the Department of Defense
and other federal agencies have spent $397 million to protect 264,000 acres
around bases since 2003.Sarah Hamman, from the Center for National Lands
Management, has been tracking the Mazama pocket gopher in the prairie land
around JBLM and says the military's involvement has been critical."The Department
of Defense is a really important partner in this process in terms
of providing the funding and providing the land for these species," Hamman
said.In addition to the Mazama pocket gopher, environmentalists say the
purchase of 2,600 acres of prairie land around JBLM will also help
Taylor's checkers
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