Originally published on Fri June 28, 2013 10:50 am
A Vatican official already under investigation for money laundering was arrested after police say they caught him and two other men plotting a scheme that would bring in 20 million euros (about $26 million) in cash into Italy from Switzerland on a jet.
Prosecutors say Monsignor Nunzio Scarano said the money belonged to some friends, according to The Associated Press. The wire service talked to Nunzio's attorney Silverio Sica and reports:
The interest rate on government-backed student loans is going to jump from 3.4 percent to 6.8 percent Monday.
Republicans, Democrats and the Obama administration could not agree on a plan to keep it from happening. Lawmakers say a deal is still possible after the July 4 recess. But if they don't agree on a plan soon, 7 million students expected to take out new Stafford loans could be stuck with a much bigger bill when they start paying the money back.
It has been one of the more heated debates in Washington this year.