It came down to the wire, but finally, Republicans and Democrats agreed on a deal that keeps the interest rate on government-backed student loans from doubling. It will save the average borrower about $1,000 a year, but the compromise is likely to cost students a lot more than that over the long term.
The agreement that lawmakers passed Friday will keep interest rates at 3.4 percent for another year. Anthony DeLaRosa, a 23-year-old University of Colorado graduate, says it's a big victory.
It has taken several years of financial upheaval and nearly 20 summits, but the prospect of Europe's disintegration has apparently frightened leaders into working together.
This seems to be the larger message emerging from the European summit in Brussels, Belgium, where EU leaders agreed Friday to a $150 growth plan for the struggling economies across the continent. The deal sent stock markets surging in Europe, the U.S. and elsewhere.
It's a bit less likely now than a week ago that you'll hear people accuse the Supreme Court of being politicized.
That's because this week, the court ended its session with two controversial decisions — neither one of which was decided on the usual and predictable split between the five justices appointed by Republican presidents and the four appointed by Democrats.
But that doesn't make the court any less of a political animal.