Republicans block bill to extend lower student loan interest rates
Holding image Credit: amNY
Senate Republicans blocked a White House-backed bill Tuesday that would extend a lower interest rate on government-subsidized student Stafford loans.
On a mostly party-line vote of 52-45, backers of the measure fell eight votes short of the 60 needed to clear a Republican procedural roadblock.
Congress has until July 1 to come to an agreement on either passing a bill or allowing interest rates to double.
It is expected that a bipartisan agreement will be reached, since both sides fear alienating the youth vote before the fall elections.
Here's what's at stake:
(with Reuters)
Filings: 7-year-old was left home alone for a day 6 months before she died ... LI employers stole nearly $4M from their workers ... Flock reps meeting with Suffolk lawmakers ... Wet weather on the way
Filings: 7-year-old was left home alone for a day 6 months before she died ... LI employers stole nearly $4M from their workers ... Flock reps meeting with Suffolk lawmakers ... Wet weather on the way
