POLITICO — The Senate on Wednesday voted not to move forward on a bill from Sen. Elizabeth Warren that would have allowed an estimated 25 million people with older student loans to refinance that debt at current, lower interest rates.
Democrats are vowing to keep the issue alive and bring it back for another airing this year.
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“We’re not giving up,” Warren said at a press conference shortly after the vote, slamming Republicans for blocking the bill.
Warren’s bill sparked a fierce debate in the Senate, where Republicans said Democrats are cynically capitalizing on student loan debt for election-year gains.
“I’ve been calling on the majority leader to press pause on his party’s non-stop campaign,” Senate Minority Leader Mitch McConnell (R-Ky.) said Wednesday morning.
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