abc
QUICK LINKS:

Senate Republicans Block Student Loan Bill

Updated: 06/11/2014 10:59 PM
Created: 06/11/2014 10:57 PM WDIO.com

WASHINGTON (AP) - Senate Republicans have blocked an election-year attempt by Democrats to let people refinance their student loan debt at lower rates.

The 56-38 vote Wednesday fell short of the 60 votes needed to proceed to debate on the measure.

The bill by Sen. Elizabeth Warren of Massachusetts would have allowed people with student loans to refinance the debt at today's lower rates. The Obama administration said it could have helped some 25 million borrowers save $2,000 each.

Republicans said the bill wouldn't have done anything to lower education costs or reduce borrowing. They accused Democrats of looking for a political issue and raising taxes.

The bill would have been paid for with the so-called Buffett Rule, which sets minimum tax rates for people making over $1 million.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Front Page

  • Body Cameras Aim to Hold Duluth Police, Community Members Accountable

    Duluth is on the forefront of a nationwide movement toward the use of body cameras. Now after five months of using the technology, Duluth Police and community members alike say they are both helpful — and have some hiccups.

  • Sawyer Co. Homicide Charge Dropped

    Prosecutors have dropped a homicide charge against a man in the death of his wife at a Sawyer County cabin after further investigation yielded more evidence.  The charge against Cade G. Clark, 26, was dropped during a hearing on Wednesday.

  • Supporters Hold Rally for UMD Coaches

    Supporters for Shannon Miller and the rest of the UMD women's hockey staff rallied on campus Wednesday morning. This comes in reaction to Monday's announcement of UMD deciding not to extend the coaches' contracts. 

  • Local Moviegoers Weigh In on 'The Interview' Cancellation

    After a cyber attack against a major Hollywood studio, the screening of the controversial comedy "The Interview" has been canceled at theaters across the United States including locally at Duluth 10. Sony's decision to cancel the film's release comes after hackers broke into the company's computer system and threatened to attack U.S. theaters.

  • Final IRRRB Meeting for Outgoing Commissioner Tony Sertich

    IRRRB Commissioner Tony Sertich says farewell at his final meeting, which was quite a busy one.

 
Advertisement