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NEXT WEEK, the Senate is set to spend considerable time figuring out how to pay for renewing an old campaign gimmick — keeping interest rates for certain federally backed student loans extra low at 3.4 percent. Doing so would be expensive; it would cost the government $6?billion to extend those low rates for just one year. That might not seem like much compared with the entire federal budget, but at a time when Congress has put tight limits on discretionary spending, many other, more worthy programs are fighting for every dollar.    More



(Source: The Washington Post - May 6)