GOP Ignores Veto Threat, Passes Student Loan Bill

By: AP Email
By: AP Email

WASHINGTON (AP) - Republicans have ignored a White House veto
threat and passed a bill to keep interest rates on millions of federal student loans from doubling this summer.

The House approved the bill Friday on a 215-195 vote, despite pressure from conservative groups.

The election-year bill has evolved from a dispute over helping students into a battle between the two parties over how to help families cope with the weak job market and ailing economy.

The White House and most Democrats opposed the $5.9 billion bill
because of how Republicans covered the costs: eliminating a preventive health care fund in President Barack Obama's health care
law. They say the program mostly benefits women, while Republicans
call it a loosely controlled slush fund.


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