Her devotion to The One is unquestionable.
Via The Hill:
House Republicans “folded” to pressure from President Obama to extend low rates on certain student loans, House Minority Leader Nancy Pelosi (D-Calif.) charged Friday.
Pelosi said Obama’s public campaign to prevent interest rates on federally subsidized Stafford loans from doubling this summer was “too hot” for Republicans to handle, leading GOP leaders to schedule their hasty Friday vote to keep the lower rate.
“The Republicans have folded because the president made the issue too hot to handle. That is why the bill is coming up today,” Pelosi said during a press briefing in the Capitol just hours before the vote.
“They felt the heat of the president going out there and saying, ‘We cannot allow [the rate hike] for families trying to send their kids to college. So the timing is their folding.”
After five years at the 3.4 percent level, the interest rate on Stafford loans is set to double to 6.8 percent on July 1 if Congress doesn’t intervene first.