NEW : Sen. McConnell says it is Democrats stalling progress to score political points . The president urges Congress to prevent interest rates on student loans from doubling . Senate Majority Leader Reid says recent talks provide hope for a resolution . TL;DR NEW:
NEW : Sen. McConnell says it is Democrats stalling progress to score political points . The president urges Congress to prevent interest rates on student loans from doubling . Senate Majority Leader Reid says recent talks provide hope for a resolution . Without action , the current 3.4 % interest rate will rise to 6.8 % at the end of June .