It came down to the wire, but finally, Republicans and Democrats agreed on a deal that keeps the interest rate on government-backed student loans from doubling. It will save the average borrower about $1,000 a year, but the compromise is likely to cost students a lot more than that over the long term.
The agreement that lawmakers passed Friday will keep interest rates at 3.4 percent for another year. Anthony DeLaRosa, a 23-year-old University of Colorado graduate, says it's a big victory.
German Chancellor Angela Merkel talks with European Central Bank President Mario Draghi (left) and Italian Prime Minister Mario Monti (right) during a summit of European leaders in Brussels. They reached an agreement on a growth plan for the continent, and world markets surged.
It has taken several years of financial upheaval and nearly 20 summits, but the prospect of Europe's disintegration has apparently frightened leaders into working together.
This seems to be the larger message emerging from the European summit in Brussels, Belgium, where EU leaders agreed Friday to a $150 growth plan for the struggling economies across the continent. The deal sent stock markets surging in Europe, the U.S. and elsewhere.
An image grab taken from Egypt's Nile TV shows Egyptian President Mohamed Morsi (center) taking the oath of office during the official swearing-in ceremony at the Constitutional Court in Cairo on Saturday.
Credit - / AFP/Getty Images
Egypt swore in its first civilian president today. The Muslim Brotherhood's Mohammed Morsi took the oath before the Constitutional Court.
Before the official oath, however, Morsi preempted the swearing-in ceremony by appearing before thousands of supporters in Tahrir Square on Friday and taking a symbolic one.
Fresh Air Weekend highlights some of the best interviews and reviews from past weeks, and new program elements specially paced for weekends. Our weekend show emphasizes interviews with writers, filmmakers, actors, and musicians, and often includes excerpts from live in-studio concerts. This week: