Democratic-sponsored legislation to allow student loan borrowers to refinance at lower interest rates failed to clear a procedural hurdle in the U.S. Senate on Wednesday.
The Senate voted 56-38 to end debate and move to a final vote, short of the 60 votes required.
Democrats had said their measure would let holders of both federal and private undergraduate loans - some with rates of 9 percent or higher - to refinance at 3.86 percent.
U.S. student loan refinancing bill fails Senate hurdle
The US Senate voted to confirm Jay Clayton as the director of national intelligence on Tuesday,...
The Senate judiciary committee has postponed a vote, scheduled for Thursday, on the nomination of Todd...
The House on Thursday approved a resolution to remove U.S. forces from hostilities with Iran, in...
