ABC News Update

Latest headlines from ABC News
5:23 | 01/27/12

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Transcript for ABC News Update
President Obama is warning colleges today don't assume you can Jack -- tuition every here. The president discussed rising tuition costs at the University of Michigan today an assurance students. That his administration is working to change the way student loans are handed out. We want a tough fight to stop handing out. Tens of billions of dollars in taxpayer subsidies to banks that issue student loans. The press. And says the current -- loans are distributed is outdated and provides no incentive for colleges to keep tuition costs low. President Obama is and Michigan today for the end of a three day swing across the country that looks a lot like a campaign trial -- Meantime his Republican rivals are duking it out in Florida ABC's -- Bradley has the latest from Washington. Facing big pressure from surging Newt Gingrich Mitt Romney has gone on the offensive heading into the final weekend of campaigning before the Florida primary. The former Massachusetts governor -- Gingrich hard during last night's debate for running a commercial accusing him of being anti immigration the idea that I'm anti immigrant is repulsive. With Florida reeling from the foreclosure crisis the candidates clashed on their personal investments in mortgage lenders Fannie Mae and Freddie Mac. Maybe governor Romney in the spirit of openness should tell us how much money he's made off of how many households that have been foreclosed by his investments you check your own investments. You also have investments a mutual funds that also invested Fannie Mae and Freddie Mac. -- the GOP candidates continue to duke it out President Obama takes just when he twelve agenda to Detroit today he told Diane Sawyer in an ABC news exclusive. That he doesn't watch the GOP debates but he knows what the candidates have been saying. Whoever wins the Republican -- Is going to be a standard bearer for a vision the country. That I don't think. Reflects who we are. Mr. Obama also responded to Newt -- charge that he's put more people on food stamps than any other president I don't put people on food -- people become eligible for food stamps. The initial expansion of food stamp eligibility happened -- -- Republican predecessor -- under me. Newt Gingrich is facing new backlash from the Republican establishment former senator. Bob Dole called his ideas off the wall. -- on Bradley ABC news Washington. Congress may get President Obama one of the laws he asked for in his State of the Union Address. The senate is taking up legislation banning lawmakers from profiting on insider trading. And the house is expected to do the same next month. Both plans have bipartisan support. There had been some speculation that President Obama may switch up vice presidents for his reelection bid -- -- Hillary Clinton. But when the secretary of state was asked about it she actually laughed out -- out. After twenty years and it it will be twenty years. Of being on the high wire of American. Politics and all of the challenges that to come with that it would be. Probably a good idea to just find out how tired I am. That's apparently unknown. Further Clinton revealed yesterday that she plans to stick around as secretary of state only and tell her replacement is found. In World War II veteran from Pittsburgh has -- seized his purple heart at long last. -- marvel was awarded the medal this week on his 93. Birthday -- many years. After he was shot and his leg while trying to save a fellow soldier in the battle of Okinawa marvel had tried to get the -- several times over the years. Military records suggest -- post -- name change from never -- -- are full. May have been to blame for the delay. Two teenagers in Utah have been arrested for planning to blow up their school an escape in a stolen plane. EBC's Neal Karlinsky has the story. If they pulled it off police say eighteen year old -- Morgan and a sixteen year old student could have killed hundreds. Investigators say their meticulous plot involves setting off explosives during a high school assembly. When the gymnasium would be packed with students -- -- -- allegedly planned to steal a small airplane from nearby Ogden Hinckley airport. And fly to another country. Out of the reach of authorities. Yet they would have achieved what they wanted to achieve there would have been significant loss of life. Police say the -- had detailed maps of the school lay out security system and surveillance cameras all put together over the course of months. And amazingly they see that teenagers logged thousands of hours on flight simulator programs in order to teach themselves how to fly. There are pretty realistic they have tutorials in go through or somebody's actually like an actual instructors teaching how to. Start the airplane take off the two were arrested after this sixteen year old girl came forward and showed authorities text messages from one of the suspects. I've been kind of planning to get back at the world reads one then talking about the airplane. We gonna crash it we're just gonna kill and fly our way to a country that won't send us back to the US. She says one of the accused plotters was -- with the massacre at Columbine and even took a trip to Colorado. To learn more. People that you really cared about you Texans say I told not to go to school on the second they would do not --

This transcript has been automatically generated and may not be 100% accurate.

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