May 28 (Bloomberg) -- U.S. Senator Jack Reed, a Democrat from Rhode Island, talks about House legislation passed last week that would reset interest rates on federal student loans and avert a scheduled doubling of rates this summer.
The bill, H.R. 1911, would peg new student-loan interest rates to yields on the 10-year Treasury note, meaning that the rates would fluctuate. Reed speaks with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg)