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NEWS and REPORTS => World News => Topic started by: THP on Jul 30, 2011, 01:02 AM

Title: Student Aid Teeters in the Debt-Ceiling Debate
Post by: THP on Jul 30, 2011, 01:02 AM
As I watched the seemingly endless debt-ceiling drama in the U.S. House of Representatives unfold last night on CNN, I wondered if I was witnessing a moment in higher-education history that one day might be recalled as the point when short-term political gamesmanship won out over the country's long-term economic success.If you've been following the debt debate in Washington, you know that, as of this minute, there are two competing proposals -- one in the House, one in the Senate -- to raise the debt ceiling by next week. Both would cut spending over all, but both also include a provision that would actually raise spending to deal with shortfalls in the Pell Grant program for the next two years (http://chronicle.com/article/Stalemate-Over-Federal-Debt/128432/) ($17-billion in the House plan and $18-billion in the Senate plan).More... (http://www.huffingtonpost.com/the-chronicle-of-higher-education/student-aid-teeters-in-th_b_913639.html)