What do transportation and student loans have in common? Nothing, you would think, but sources say the two topics may be combined into one federal bill and passed together as a package.
Legislation on both items has been stalled for a while now, with the ninth extention of the federal Transportation Bill, SAFETEA-LU, expiring Friday and student loan interest rates doubling to 6.8% on July 1 unless Congress acts. And a deal could come as early as today, according to Bloomberg Business Week.
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