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"Today's report is further evidence that Congress should be focusing on creating jobs and helping the middle class, not re-fighting old battles for political gain." - Senate Majority Leader Harry Reid, Nevada Democrat

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"Today's report is further evidence that Congress should be focusing on creating jobs and helping the middle class, not re-fighting old battles for political gain." - Senate Majority Leader Harry Reid, Nevada Democrat

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Obama Student Loans_Live.jpg

President Obama (right), with Education Secretary Arne Duncan at his side, calls on Congress during a June 21, 2012, news conference at the White House to stop interest rates on student loans from doubling. (Associated Press) ** FILE **

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"I'm not going to speculate about the outcome of a vote that we still hope doesn't happen," White House spokesman Jay Carney said of the pending House vote on whether to hold the attorney general in contempt of Congress.

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Seth MacFarlane, TV's "Family Guy" creator, has funded the collection and organization of the work of Carl Sagan for donation to the Library of Congress. (Associated Press)

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Seth MacFarlane, TV's "Family Guy" creator, has funded the collection and organization of the work of Carl Sagan for donation to the Library of Congress. (Associated Press)

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President Obama greets students after a Thursday news conference, during which he called on Congress to act to prevent interest rates on student loans from doubling. (Associated Press)

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President Barack Obama greets students after he called on Congress to stop interest rates on student loans from doubling next month during a news conference in the East Room of the White House in Washington, Thursday, June 21, 2012. (AP Photo/Susan Walsh)

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STUDENTS.jpg

President Barack Obama greets students after he called on Congress to stop interest rates on student loans from doubling next month during a news conference in the East Room of the White House in Washington, Thursday, June 21, 2012. (AP Photo/Susan Walsh)

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President Obama speaks June 21, 2012, at the White House to call on Congress to stop interest rates on student loans from doubling on July 1. (Associated Press)

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President Obama speaks June 21, 2012, at the White House to call on Congress to stop interest rates on student loans from doubling on July 1. (Associated Press)

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House Speaker John A. Boehner, Ohio Republican, defends the contempt of Congress vote against Attorney General Eric H. Holder Jr. on Capitol Hill on Thursday. The House Oversight and Government Reform Committee seeks an additional 1,300 pages on Fast and Furious. (Associated Press)

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Obama Student Loans_Live.jpg

**FILE** President Obama, with Education Secretary Arne Duncan (second from right) at his side, looks back June 21, 2012, at a group of students during a news conference at the White House as he calls on Congress to stop interest rates on student loans from doubling. (Associated Press)

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House Republicans_Live.jpg

House Speaker John Boehner, Ohio Republican, defends the contempt of Congress vote against Attorney General Eric Holder during a news conference June 21, 2012, on Capitol Hill. (Associated Press)