#TaniaOnTheScene - Interest rates on federally subsidized Stafford student loans doubled overnight, soaring from 3.4 percent to 6.8 percent after Congress failed to reach a deal.
Though lawmakers potentially could still pass a bill to undo the damage, Congress’ Joint Economic Committee has estimated the increase — unless and until it is reversed — will cost the average college student an additional $2,600.
Democrats have sought to keep interest on Stafford loans low, saying poor and middle class students need the help to get a college education. Republicans have proposed linking student loans to the financial markets instead of letting Congress set federal lending rates. President Obama included a variation of that market-based approach in the budget he sent to Congress earlier this year, leaving his fellow Democrats trying to block his efforts.
After 53 Years of Journalism, She Will Announce Her Retirement Later Today
#TaniaOnTheScene - Longtime ABC News personality Barbara Walters will retire from TV journalism in 2014, ABC reported late Sunday, closing a chapter on one of the most storied careers in broadcast journalism history.
She is expected to make the announcement tody on “The View,” a daytime talker she created in 1997.
Walters, 83, will remain executive producer of that show.
"I am very happy with my decision and look forward to a wonderful and special year ahead both on ‘The View’ and with ABC News," she said.
"I created ‘The View’ and am delighted it will last beyond my leaving it."
Rumors of Walters’ retirement surfaced in March. But she soon squashed them, saying on “The View” that “if and when I might have an announcement to make, I will do it on this program.”
#TaniaOnTheScene- In case you missed Michelle Obama’s #DNC speech last night, here it is, in full.
First Lady Michelle Obama’s moving remarks, as prepared for delivery and released by the Obama campaign, to the Democratic National Convention in Charlotte, N.C., Tuesday, Sept. 4, 2012.
"If farmers and blacksmiths could win independence from an empire…if immigrants could leave behind everything they knew for a better life on our shores…if women could be dragged to jail for seeking the vote…if a generation could defeat a depression, and define greatness for all time…if a young preacher could lift us to the mountaintop with his righteous dream…and if proud Americans can be who they are and boldly stand at the altar with who they love…then surely, surely we can give everyone in this country a fair chance at that great American Dream."
Not only does Jay-Z believe President Barack Obama's recent endorsement of gay marriage was “the right thing to do,” the 42-year-old rapper also says “You choose to love whoever you love … It's no different than discriminating against blacks. It's discrimination, plain and simple.”
TaniaOnTheScene.com's real inspiration in this article is Michelle Obama. Yes, Beyoncé looks amazing and she bounced back VERY quickly after having her baby just over two months ago. But, um, well, it just brings up the question: Did she have a surrogate? #TaniaSuggests you check out the pics below and judge for yourself.
The 30-year-old singer looked stunning in a figure-hugging navy blue Victoria Beckham dress last night as she stepped out in Manhattan to attend a fundraising event hosted by First Lady Michelle Obama.
Her stomach looked unnaturally flat for a woman who just gave birth, but Beyoncéhasn’t lost her curves.
Whether I'm on the red carpet, interviewing your favorite celebrity, at the hottest party, or just keeping you "In The Know..." You never know where Tania will be next "On The Scene," so stay tuned! And be sure to check out #TaniaSuggests