Opponents of payday loans say extremely high interest rates and quick turn-around sink people into a never-ending cycle of debt. Those in favor of the loans say they are providing a necessary service by offering loans to people who otherwise would not have access to them.
After weeks of focusing on her image as a moderate Democrat who isn't afraid of compromise, Senator Claire McCaskill stepped up the attack on her opponent in November's Election, Congressman Todd Akin.
In a speech to Democrats in Callaway County, the Senator touched on a variety of issues to incite Democratic voters. One topic that garnered the most applause (and laughter) from the audience was student loans.
Democratic Senator Claire McCaskill has been on the attack against her Republican opponent, criticizing Congressman Akin for controversial comments he’s made. But the comments she's attacking are not related to abortion.
So far, McCaskill has avoided attacking Congressman Akin for his comments on “legitimate rape,” which would force her to discuss her stance on the touchy issue of abortion. Instead, she’s attacking him for his comments on student loans.
The legal fight between Illinois Governor Pat Quinn and the union that represents prisons workers continues this week.
Quinn had wanted the prisons closed by last Friday. Instead that day an arbitrator said the administration violated its contract with the prison workers' union by moving to close the facilities before they'd finished what's called "impact bargaining."
Union spokesman Anders Lindall says impact bargaining doesn't only affect employees facing layoffs.
Study: Corps made the right choice in breaching Birds Point
A new study says the Army Corps of Engineers made the right choice when it blew up a southeast Missouri levee last year.
Study co-author Ken Olson, a professor of soil sciences at the University of Illinois Champaign-Urban,a says river levels continued to rise even after the Birds Point-New Madrid Floodway was breached by explosives to relieve flooding pressure on Cairo, Ill.
Critics challenge Mo. measure to limit payday loan interest
The proposed ballot measure would cap interest, fees and charges for payday and car title loans at 36 percent per year.
Critics of the proposal filed a lawsuit in the state Capitol's home of Cole County. The suit contends a ballot summary for the proposal is inadequate and unfair and that the cost estimate for the proposal does not address all the possible costs.
Wording approved for Mo. ballot measure limiting payday loans
A group of community and religious leaders is proposing a Missouri ballot measure that would effectively limit the cost of payday loans. The secretary of state's office on Tuesday approved the wording of a proposed ballot summary, allowing supporters to begin a petition drive to put the question on a statewide ballot.