Democratic Congressional leaders struck a tentative agreement on Thursday that breathes new life into President Obama’s proposed overhaul of federal student loan programs.
The deal would bundle the bill into an expedited budget package along with the Democratic health care legislation, which would allow for both measures to be passed by the Senate on a simple majority vote. Without the deal, the student loan bill would have been unlikely to pass because it lacked the 60 votes needed to overcome a filibuster.
The bill would end government payments to private, commercial student lenders, leaving the government to lend directly to students. It would also redirect billions of dollars to expand the Pell grant program for low-income students, and to pay for other education initiatives.
Israel Calls Alliance With U.S. ‘Ironclad’ After Receiving Billions in Aid
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The money from Washington, which includes $5 billion to replenish Israel’s
defenses and $1 billion for Gazan civilians, comes as Israel readies to
invade R...
3 hours ago
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