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House OKs bill to cap student loan rates

Daily newsbrief journal for April 2012, also see http://www.usdemocrats.com/brief for a global 100-page perpetual brief and follow twitter @usdemocrats


House OKs bill to cap student loan rates

Postby admin » Fri Apr 27, 2012 11:30 pm

House OKs bill to cap student loan rates
from MarketWatch.com - MarketPulse
WASHINGTON (MarketWatch) -- Defying a White House veto threat, the House on Friday passed a Republican bill to keep interest rates on federal loans to college students from doubling on July 1. The nearly $6 billion cost of the House bill is paid for by taking money out of a prevention and public health fund included in President Barack Obama's health-care law. The White House issued a veto threat against the bill shortly before the vote. The bill passed on a vote of 215-195.
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