U.S. House Votes to Extend Low Rates on Student Loans: Simpson 'Yes,' Labrador 'No'


Idaho's representation in the U.S. House split - Rep. Mike Simpson voted "yes" while Rep. Raul Labrador voted "no" - as the Republican-controlled House voted to extend low student loan rates. The vote, mostly along party lines, was 215 for the measure and 195 against. Labrador was one of 30 Republican legislators to vote against the bill while only 13 Democrats voted for it.

Democrats voted against the measure and the White House vowed to veto it because the bill would be paid for by repealing the Prevention and Public Health Fund, which provides screenings for breast and cervical cancer.

President Barack Obama said that the bill was "politically motivated." On his trips to college campuses this week, Obama accused Republicans of paying "lip service" to the issue, but House Speaker John Boehner shot back that Obama was "wasting time on a fake fight," saying the Republicans intended to protect lower student rates.

The deadline for the measure is fact approaching, and if no action is taken, interest rates on the Stafford Loans will double from 3.4 percent to 6.8 percent on July 1.