Obama Threatens Veto of Republican Student-Loan Freeze Plan

The Obama administration is threatening to veto Republican legislation to freeze student loan rates over the way the measure is funded.

The administration, in a statement, called the proposal to fund the loan-rate freeze from money designated for preventive health care “politically motivated.” The House is scheduled to vote on the proposal today.

To contact the editor responsible for this story: Joe Sobczyk at jsobczyk@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.