GOP blocks Senate debate on Dem student loan bill

By: Associated Press Email
By: Associated Press Email

WASHINGTON (AP) -- Republicans have blocked the Senate from debating a Democratic bill keeping interest rates on college loans from doubling this summer for 7.4 million students.

Republicans say they support heading off higher rates on subsidized Stafford loans. They oppose how Democrats would pay for the measure — raising payroll taxes on high-earning stockholders of some privately owned corporations.

The vote was largely symbolic because the measure had no chance of approval in the Republican-run House. It was also designed with November's elections in mind because it could produce fodder for Democratic commercials against GOP senators.

Republicans want a vote on their own bill freezing interest rates and paid for by abolishing a health care fund.

Tuesday's vote was 52-45 to debate the measure — eight votes short of the 60 needed.

(COPYRIGHT 2012 BY THE ASSOCIATED PRESS. ALL RIGHTS RESERVED.)


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by D Location: GJ on May 8, 2012 at 03:55 PM
    That's right, breaks are only for trust fund kids.
    • reply
      by Nun on May 9, 2012 at 01:12 PM in reply to D
      Why should the rest of us pay for your useless overpriced liberal arts degree.
KKCO NBC 11 News
2531 Blichmann Avenue
Grand Junction, CO 81505

Station Phone: 970.243.1111
Business Fax: 970.243.1770
Newsroom Fax: 970.245.3793
News Tip & Contest Line: 970.255.8477
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 150624685 - nbc11news.com/a?a=150624685
Gray Television, Inc.