During a meeting with the White House and congressional leaders Wednesday, Senate Minority Leader Mitch McConnell (R-KY) affirmed that he wants to reach a deal to prevent a student loan interest rate hike, according to his office.
“We all agreed that rates shouldn’t go up this year and that we need to resolve the differences and pass legislation together,” McConnell said.
Democrats and Republicans are currently grappling over how to pay for such a measure.
The readout from McConnell’s office:
In a cordial lunch meeting, Sen. McConnell pressed the President and the Democrat leadership on the need to produce a bill to prevent the student loan interest rate increase that can actually pass the Senate.
Sen. McConnell noted in the meeting that the Senate passed bipartisan legislation over the past year when poison pills were removed and Republicans were included in the debate (some examples: JOBS Act, Veterans jobs, trade agreements, FAA reauthorization, highway bill, payroll tax holiday, patent reform). And he believes that there is time before the election for even more bipartisan accomplishments.
