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Raucous House Passes Student Aid Bill
Thursday, July 12, 2007
The House of Representatives approved legislation Wednesday that would slash payments to lenders and use the savings to cut interest rates and increase grant funds for students. Although debate over the budget reconciliation measure devolved into partisan nastiness that evoked the worst of the British Parliament, in the end 47 Republicans joined 226 Democrats to vote for the bill. The 273-149 tally, though, fell short of the margin needed to override President Bush’s threatened veto.