Government & Politics

June 11, 2014 10:07 AM

U.S. Senate blocks Warren’s student-loan refinancing measure

The U.S. Senate blocked Massachusetts Democrat Elizabeth Warren’s proposal to let student-loan borrowers refinance their balances at lower interest rates. By a vote of 56-38, with 60 required, the Senate failed to advance the measure, which drew Republican opposition in part because it would be paid for by imposing new taxes on wealthy individuals.

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