House Passes Student Loan Bill, Setting Up Showdown

The bill, approved largely along party lines, 221 to 198, kicks off what is sure to be the next showdown involving House Republicans, Senate Democrats and President Obama, with a hard deadline looming in little more than a month. </P>Republicans said they had come up with a long-term plan that would get the government out of the business of setting interest rates. </P>“What the House is doing today is a responsible way to deal honestly with the issue of student loans,” Speaker

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