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Murray In D.C. Signing Bill For Transportation, Loans

Jul 6, 2012 | Reprints | Unlock Link | Print

Lt. Gov. Timothy Murray is heading to Washington to take part in a bill signing ceremony at the White House.

President Barack Obama today plans to sign into law legislation that maintains jobs on transportation projects across the nation while also preventing interest rate increases on new loans to millions of college students.

Murray is scheduled to join Obama for the 4 p.m. signing.

The bill allows more than $100 billion to be spent on highway, mass transit and other transportation programs during the next two years. Those projects would have expired June 30.

It also maintains interest rates of 3.4 percent for subsidized Stafford loans for undergraduates that would have doubled for new loans beginning July 1 if Congress hadn’t acted.

Executive Briefing