The Republican-led U.S. House of Representatives defied a White House veto threat on Friday and voted to take money from President Barack Obama’s landmark healthcare overhaul to pay for an extension of low-interest federal student loans. Democrats and Republicans have until July to find an election-year compromise. That’s when the rate is set to double on Stafford loans to 6.8 percent for more 7 million students, who represent an important voting bloc. On a mostly party-line vote of 215-195, the House sent the measure to the Senate where Obama’s Democrats are certain to reject it. Like Obama, Senate Democrats want to renew the low interest rate for students, but favor covering the $6 billion cost for one year by ending a tax break for the rich. READ MORE: Republicans insert healthcare into student loan fight
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The Republican-led U.S. House of Representatives defied a White House veto threat on Friday and voted to take money from President Barack Obama’s landmark healthcare overhaul to pay for an extension of low-interest federal student loans.

Democrats and Republicans have until July to find an election-year compromise. That’s when the rate is set to double on Stafford loans to 6.8 percent for more 7 million students, who represent an important voting bloc.

On a mostly party-line vote of 215-195, the House sent the measure to the Senate where Obama’s Democrats are certain to reject it.

Like Obama, Senate Democrats want to renew the low interest rate for students, but favor covering the $6 billion cost for one year by ending a tax break for the rich.

READ MORE: Republicans insert healthcare into student loan fight

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    The Republican-led U.S. House of Representatives defied a White House veto threat on Friday and voted to take money from...
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    republicans pulling this kind...hostage bullshit. Why do
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    extra cute because by messing with student...AND health care overhaul, you
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    WHAT.
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