Legislative & Political Update

Gridlock on "Pause"

President Obama Signs Bill to Fund Jobs, Keep College Loans Affordable

Journal: Issue 2 - 2012

SHFWire photo by Chelsea Boozer

College students, construction workers and one union president, BAC President James Boland, joined President Obama at the White House on July 6th for the signing of a bill that will channel more than $105 billion over the next two years into badly needed construction and transit projects, creating or saving upwards of three million jobs. The new law also provides relief for millions of college students by preventing the interest rates on new student loans from doubling.

President Boland remarked after the bill signing, "Finally getting this legislation through Congress and on to the President's desk required a rare display of bipartisanship. History has proven that rebuilding our infrastructure not only puts union construction workers back to work but also revs up the Main Street economy. It was a well deserved win but we don't intend to stop here."

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