Close Business News: Student loan rates may double Business News Jeremy Kyle , KYTX 5:22 AM. CDT June 27, 2013 CONNECT TWEET LINKEDIN GOOGLE+ PINTEREST (CBS) - In Business News, if Congress doesn't act soon the interest rate charged on some student loans will double on July 1st from 3.4 percent to 6.8 percent. Congress is grappling with student loans for the second straight year. About 7 million undergrads borrow for college using the subsidized loans. (CBS) - More companies are severing ties with embattled celebrity chef Paula Deen. Walmart is the latest to end its relationship with 66 year old Deen after she admitted in a legal deposition to using racial slurs in the past. Deen's name is also being stripped from four restaurants owned by Ceasars. Earlier this week Food Network said it would not renew Paula Deen's contract. Pork producerB Smithfield, dropped her as a spokesperson. (CBS) - Renewable energy is growing fast around the world. The international energy agency says developing countries are building more wind, solar and hydro-electric power plants. The agency predicts that in five years, renewable energy will be the second biggest source of electricity after coal. CONNECT TWEET LINKEDIN GOOGLE+ PINTEREST JOIN THE CONVERSATION To find out more about Facebook commenting please read the Conversation Guidelines and FAQs Leave a Comment TRENDING VIDEOS ETX photographer talks about her viral boudoir photos Atwood's robbery Crosby-Lebus worker strike Las Vegas/Mandalay Bay shooting - What we know Teacher accused of assault 84-year-old post office worker retires 11 new features in IOS 11 SPCA Dogtoberfest East Texan nearly caught in Vegas shooting Under The Lights Week 5 (Sept. 29) More Stories Your dog is helping you live longer Nov 17, 2017, 1:52 p.m. Mother shot 5 times by Rancho Tehama gunman begged… Nov 17, 2017, 1:10 a.m. Graphic: Navy admits to being involved in obscene… Nov 17, 2017, 2:15 p.m.