Senate Democrats are pushing legislation to let borrowers refinance their student loans at lower interest rates.  Leading the charge is Mass. Senator Elizabeth Warren.

In a Capitol news conference, Senator Warren called the student loan situation an emergency.  Warren called student loan debt a drag on the national economy.

New York Democrat Chuck Schumer argued that Americans are paying student loans at rates that are too high. He said it hurts young people as they struggle to get on their feet after college.