Tags: Student | Loans | obama | veto

White House Threatens to Veto Student Loan Bill

Friday, 27 Apr 2012 10:38 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

The White House has threatened to veto a Republican bill keeping federal student loan rates from rising this summer.

A White House statement blamed the way the legislation would pay its $5.9 billion costs: by cutting a preventive health fund created under President Barack Obama's health care overhaul law of 2010.

The White House called those health cuts politically motivated and not a serious response to the problems students face.

The veto threat was issued as the GOP-run House began debating the legislation.

Even if it passes as expected, the measure seems certain to go nowhere in the Democrat-controlled Senate. Democrats want to pay for the measure by boosting payroll taxes paid by high-earning owners of some private firms.

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 This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

JFK's Grandson Presents Courage Award to George H. W. Bush

Thursday, 02 Oct 2014 07:06 AM

Former president George H. W. Bush was presented with the John F. Kennedy Profile in Courage Award on Tuesday in his Ken . . .

New Enterovirus Strain Claims Four Lives

Thursday, 02 Oct 2014 06:57 AM

The virus that was found in four patients who died, and now extends beyond 40 states, could run its course by the end of . . .

Prosecutor Investigates Grand Jury in Ferguson Shooting

Thursday, 02 Oct 2014 06:51 AM

The St. Louis County prosecutor is investigating the grand jury that is considering whether to indict the Ferguson polic . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved