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FBN's Rich Edson breaks down details of a deal that would combine funding for highway projects with extending student loan interest rates at their cur...
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While we are down to the wire and -- -- might be the answer the highway bill could run out of money in student loan interest rates will double on Sunday if no action is taken by congress on either issue.
Let's get more on the story and where things stand on Capitol Hill Richardson rich.
That's right Melissa combo -- -- at a lunch special but they may actually get this done by tonight Democrats and Republicans have mostly agreed.
On a one year extension of current lower interest rates on government subsidized Stafford loans that's preventing rates from doubling from 3.4 percent.
Six point 8% as for federal highway construction spending.
Aides say a provision requiring the approval in the Keystone Pipeline.
And an exemption for coal ash regulation are out in exchange Republicans say they secured streamlined regulations for highway construction.
And house speaker John Boehner says any compromise will feature major changes to highway spent.
There are significant reforms in this bill.
Part of -- will reduce the number programs funded out the highway bill.
Streamline the regulatory process.
And and allow us to focus our highway dollars on fixing America's highways.
Not planting more flowers around the country.
Congressional aides stressed negotiations on these proposals are still ongoing meaning any of these details.
Can change they say they're optimistic though that they can reach a deal.
My tonight.
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