Did the Press make sure that in this pic the Arab was shown?
Senate Republicans Tuesday afternoon blocked the advancement of a Democratic bill to extend the current student loan interest rate over objections to how the measure will be funded.
Members voted 52 to 45 to block cloture on the bill, which would hold Stafford student loan interest rates for an estimated 7.4 million students at 3.4 percent instead of allowing them to double in July. The Democrats' $6 billion bill would be funded by closing a tax loophole, thereby raising Social Security and Medicare payroll taxes on select wealthy stockholders of private companies—hence the Republican opposition.
The Republican-led House passed its own measure to fix the student loan interest rate on April 27. That measure cut the Prevention and Public Health Fund in the president's health care law in order to pay for the extension—a decision that led to a veto threat from President Barack Obama and left the legislation with little hope of advancement beyond the House. Republicans have been requesting a Senate vote on the proposal.
Absent an extension, interest rates are set to rise July 1......snip~
http://news.yahoo.com/blogs/ticket/s...163511302.html
Also isn't part of the Democrats bill to forgive those their debt included in this too?