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House Passes Student Loan bill With Health Fund Cuts

(Politico) The House on Friday approved a bill that would prevent a large increase in student loan interest rates, but only by wiping out a preventive health care fund in the health reform law — a nonstarter with President Barack Obama and congressional Democrats.
The bill now moves to the Senate, where Majority Leader Harry Reid said Democrats would block the legislation — with the backing of the White House — because of the cuts to the Prevention and Public Health Fund. Instead, Reid has filed cloture to start debate on Senate Democrats’ version of the bill to prevent the rate hike, which would be paid for by closing certain tax loopholes.
The House approved the bill 215-195, with 13 Democrats joining Republicans in support of the measure. Thirty Republicans broke ranks and opposed it.
The White House said Friday that senior advisers would recommend that Obama veto the bill if it gets to his desk.
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