new investors. >> reporter: for small banks, the economic recovery is an uphill battle but it appears they are starting to get a stronger engine. >> problem loans are down, new loan origination is up. we're seeing a return of purchase transactions. people are buying more homes. >> reporter: from california to north carolina, bank executives across the country striking an upbeat tone at the annual conference. consumer credit getting better, businesses starting to send slowly but surely. >> when you have a financial crisis like this, you really do have a reduction in confidence, and it takes awhile for the confidence to return. however, the underlying trend is clearly better than it was last year. >> reporter: the biggest road block, regulation, despite washington's efforts to ease the burden on bank shares of texas, ceo david says it's still piling up. >> the regulatory burden today is tougher and stronger than it's ever been. the amount of money we're spending on the regulatory burden, people wouldn't even believe it. i used to say 500 million wouldn't be able to make it, it may be a billion dollars now. >> reporter: when costs get too high, banks get the urge to merge like

all new it was a condo he almost couldn't afford. his original loansing rates nearly forced him out of the market. >> i just made it more of a rush to find something. and sooper before rates continued to rise more. >> brian had to look at other options and says the rise in rates would have cost several hundred dollars a month, money he could not afford. so he sat down with his mortgage broker. with guarantee mortgage. >> sometimes, a shorlter fixed period at a will heer rate is an advantage for people. >> she got brian into a 10 years adjustable rate mortgage at 3.75%. >> i made the purchase i won't have been able to do the purchase because of the payment that would have been too high. >> adjustable rate mortgages aren't for everybody f you're lie byeing a last home or 10-15 years from retirement she doesn't reblg mend getting an arm. >> they're for anyone knowing they're not going stay in the house they're in for a long period of time. first time home buyers rarely buy the property they're going to be in 30 years. >> greg o'donnell is host of money m

student loans could cost taxpayers a lot more than originally thought. >> this new estimate drawing attentioney show loans showing big profits. that forecast assumed the doubling of interest rates on some loans that kicked in today. they do not include a big real world risk. including bat, the federal student loan program would lose $50 billion. a new report says that if all that happens, cost for students could rise over time driving more of them into the income -based repayment programs and more debt forgiveness. doctor cost taxpayers a hundred billion dollars. >> it is important for us to talk about whether these profits are real. >> to buy time to work on a compromise, senate democrats plan a vote next week. adam. >> a $100 billion loss by 2020. that does not seem like a good deal. lori: new rules in the trucking industry. truckers drive more than 70 hours in seven days. seventy hour maximum behind the wheel in a seven day period of time. an already tough labor shortage even worse. >> this will put additional strain on our capacity. lori: more than tripling the 12.5% gain. these are some

all new it was a condo he almost couldn't afford. his original loan nearly forced him out of the market. >> i just made it more of a rush to find something. and sooper before rates continued to rise more. >> brian had to look at other options and says the rise in rates would have cost several hundred dollars a month, money he could not afford. so he sat down with his mortgage broker. with guarantee mortgage. >> sometimes, a shorlter fixed period at a will heer rate is an advantage for people. >> she got brian into a 10 years adjustable rate mortgage at 3.75%. >> i made the purchase i won't have been able to do the purchase because of the payment that would have been too high. >> adjustable rate mortgages aren't for everybody f you're lie byeing a last home or 10-15 years from retirement she doesn't reblg mend getting an arm. >> they're for anyone knowing they're not going stay in the house they're in for a long period of time. first time home buyers rarely buy the property they're going to be in 30 years. >> greg o'donnell is host of money matters and

original graves. mandela's grandson had moved the bodies back in 2011. >>> well, coming up on the "morning news," the high cost of rising student loan interest rates, and beachgoers beware. towering waves waves crash into shores of chile causing damage. this is the "cbs morning news." d a good haircut so that her daughter could have a warm coat. it's windy. yeah. now you can help people like linda stop with the sacrificing. tell them about light & fit greek nonfat yogurt twice the protein and 80 calories. thick... creamy. taste satisfying, right? eat! light and fit greek! ♪ dannon! i like it - i just... you can't change color like we do. valspar has the love your color guarantee. if i don't love it, i get another color free. i'm thinking more this. yowza! valspar signature, look for it only at lowe's. >>> waves as high as >>> waves as high as 22 feet pounded the coast of chile thursday. high winds and tidal movements created the rough seas. waves were seen crashing over seawalls and onto roadways. some waterfront homes were damaged. >>> a volcano is pouring ash 50 feet high into mexico city, causing airlines to cancel flights to and from the capital. n

news, florida. >>> congress is also battling over student loans. the interest rate for stafford loans doubled on july 1st but as usual neither can agree how to get it back to its original level. tara mergener is in washington. good morning, tara. >> good morning, anne-marie. it's another round of gridlock. both sides agree it's too high a rate for students but they can't agree on how to fix it, leaving millions of college students in a lurch. congress walked down the steps with unfinished business. beginning july 1st the interest rates on student loans doubled from 3.6% to 8.4% it. pathing millions of college students. today they'll vote on a democratic proposal that keeps the rate at 3.4% next year. there's just one catch. >> i know it's not to simply extend it. there aren't votes to do that. >> reporter: the battle over interest stone rates pits house speaker john boehner against senate majority leader harry reid. house republicans pass add bill that ties the u.s. loan rate to the borrowing cost plus 2.5%. as the rates raise, so does the cost of college. senator joe manchin working with republicans has proposed a similar plan with one key difference. i won't use the

news, florida. >>> congress is also battling over student loans. the interest rate for stafford loans doubled on july 1st but as usual neither can agree how to get it back to its original level. tara mergener is in washington. tara, good morning. >> good morning, anne-marie. it's another round of gridlock. both sides agree the new rate is too high for students but can't find consensus on how to fix it, leaving millions of clnl students in the lurch. congressmen walked out of the capitol on their fourth of july break with some unfinished business. beginning july 1st, the interest rates on new student loans doubled from 3.4% to 6.8%, impacting about 7 million college students. >> i'm definitely not going to jet's pizza anymore. >> reporter: today they'll vote on a democratic proposal that keeps the rate at 3.4% next y r year. there's just one catch. >> i know it's not to simply extend it. there aren't votes to do that. >> reporter: the battle over interest stone rates pits house speaker john boehner against senate majority leader harry reid. >> the house has done its job. >> reporter: the house republicans passed a bill that ties the u.s. loan rate to the borrowing cost

i am originally from new orleans, a louisiana. and financial aid, the loansis pretty much what put us through. i am the youngest of 12. kids throughix college, and now, i have to pretty much find a way to make .t for myself this is out of high school come into college, to transition. my grades are much better. i think i do pretty well. my the loans themselves, parents are back in new orleans, so once i graduate college haven the year, but i will to make do. so trying to find an apartment or a car to be able to have a job, or to have just enough money to have an apartment and metro access would be difficult, having to pay back the loan. so i wanted to just give you that a little tidbit of my life. >> let me ask you, do you have a student loan now? >> yes. >> have you had a student loan every semester? >> yes. >> if you do not mind saying, you are a rising junior? >> yes. >> so you have another two years to go, another four semesters, what do you estimate your debt to be? $3,000 -- about >> person nester? >> yes, just to cover. >> so $6,000 per year. by my grad

originally from new orleans, louisiana. my father was just diagnosed with multiple sclerosis. financially, loans, that is pretty much what put me through college. i'm the youngest of 12. my parents have with six kids through college and now i have to find a way to make it for myself. it can be hard, typically. getting out of high school and transitioning. my grades in high school were much better than my grades in college. but i think that the loans themselves, once i graduate college within a year, i will have to make do. trying to find an apartment or a car, to be able to have a job, having enough money to have an apartment would be difficult having to pay back their student loans. so i just wanted to give you that tidbit of my life. >> do you have a student loan now? >> just come i do. >> you have a student loan servicemaster. >> yes, every semester. >> if you do not mind saying, what, approximately, do you think at the end of your junior year, so you had two years to go, what do you estimate your debt will be when you graduate? >> probably about 3000 -- >> $3000 a semester? >> yes. >> you're

original loans. soing they're free floating now and i think they have a good record. i oppose the gentleman's amendment, very strongly new york support of our colleagues in the west and their need for power and modernizing their electricity grid and i urge my colleagues to vote against the gentleman's amendment and yield back my time. the chair: the gentlelady from ohio yields back the balance of her time. the question is on the amendment offered by thelt -- by the gentleman from louisiana. those in favor say aye. those opposed, no. in the opinion of the chair, the noes have it. he amendment is not agreed to. mr. fleming: madam chairman, i ask for a roll call vote, please. the chair: pursuant to clause 6 of rule 18, further proceedings on the amendment offered by the gentleman from louisiana will e postponed. for what purpose does the gentleman from california seek recognition? >> i have an amendment at the desk. the chair: the clerk will eport the amendment. the clerk will designate the amendment. the clerk: amendment number 28 printed in the congressional record offered by mr. garamendi of california. the chair: the ge

loans for medical school. throughout nevada many new high school graduates are preparing to head to college this fall. without this bipartisan compromise, originally proposed by the house committee on education and the work force and based largely on the president's own proposal, students face significant uncertainty over their student loans. this legislation provides a permanent market-based solution that gives students and taxpayers the certainty they need and deserve. additionally, by ensuring the interest rates are set by the market rather than legislators, this bill rightfully takes politics out of the student loan discussion. while we must continue our work to address the skyrocketing costs of higher education, because the much greater issue is the total indebtedness upon graduation, this bill is an important step in addressing the near-term needs of students. i strongly support h.r. 1911 and urge the passage of this important bill to help not only nevada's students but students throughout our nation and i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from califor

originally from new orleans louisiana. my father was diagnosed with multiple sclerosis. so financial aid and loanss pretty much what would put me through college. i am the youngest of 12. my parents have put six kids through college, and now i have to pretty much find a way to make it for myself, whether that be scholarships which e debate could typically out of high school and college, the transition just like you my grades in high school were much better than my grades in college, but i think i do pretty well. but malone's themselves, my parents are back and new orleans so once i graduate college in and hear, i will have to make do to try to find an apartment or a car coming to have a job or to have enough money to have an apartment and access would be difficult having to pay back the student loans. so, i just want to give you that little tidbit of my life. >> do you have a student loan now? >> yes. >> have you had won every semester? >> yes. >> if you don't mind saying what approximately do you think at the end of your rising junior? so you have another two years to go, another four semesters w