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Obama Threatens Veto of Republican Student-Loan Freeze Plan

April 27 (Bloomberg) -- 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

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