Jake Tapper joined "New Day" this morning for Political Gut Check to weigh-in on the political stalemate over the student loan rate, and whether or not Congress is going to address the Voting Rights Act anytime soon.
On interest on student loans doubling from 3.4% to 6.8% today:
"Typical Washington, D.C. dysfunction... Everybody knew this date was coming and yet no compromise was able to be achieved," he says. "... According to the administration and congressional sources, with whom I've spoken, there is some optimism that this will be taken care of next week or the week after that. And that the lower rates will be retroactive, so that ultimately students will not have to pay the higher rate."