• WASHINGTON (AP) — An emerging deal to lower interest rates on student loans hit a major obstacle Thursday after lawmakers were told it carried a $22 billion price tag over the next decade.

    The proposal was designed to offer Democrats the promise that interest rates would not reach 10 percent and to give Republicans a link between borrowing terms and the financial markets that they sought. But at that cost, the bipartisan coalition behind it decided to push pause and return to negotiations to bring that cost down.

    House Speaker John Boehner of Ohio gestures during a news conference on Capitol Hill in Washington, Thursday, July 11, 2013, where he talked about immigration reform, student loans, and Obamacare.
    LAST UPDATE : Jul 11, 2013, 10:45 PM EDT
  • In this Wednesday, Feb. 2, 2011 file photo, anti-government protesters gathered in Tahrir (Liberation) Square, watch a screen showing U.S. President Barack Obama live on a TV broadcast from Washington, speaking about the situation in Egypt.

    Administration is determined to show it will only go so far to help save nations in chaos from themselves.

    LAST UPDATE : Jul 03, 2013, 7:17 AM EDT