Senate Republicans blocked a Democratic bill May 8 to preserve low interest rates for millions of college students’ loans, as the two parties engaged in election-year choreography aimed at showing each is the better protector of families in today’s rugged economy.
The 52-45 vote to begin debating the legislation fell eight votes short of the 60 needed to proceed and stalled work on an effort both parties expect will ultimately produce a compromise, probably soon.
For now, each side is happy to use the stalemate to snipe at the other with campaign-ready talking points while they are gridlocked over how to cover the $6 billion cost.…Read More