"President Obama is closer to winning a big fight with banks over who gets to dole out cheap student loans backed by the federal government," CNNMoney.com reports. "In the next several weeks, legislation could pass forcing all government-backed student loans to come solely from the federal government. The move would cut out bank middlemen who now collect a subsidy to make federal student loans, such as Stafford loans, which offer the lowest interest rates because the federal government assumes the default risk. Last week, the Congressional Budget Office said the Obama plan would save taxpayers $67 billion over 10 years. The savings would come from ending bank subsidies and allowing the government to keep income earned on the spread between making and issuing the loans that banks now pocket."