Senate and House negotiators have struck a deal to combine the
transportation reauthorization, student loan bill and flood insurance
legislation in a package expected to pass by the end of the week,
according to congressional sources.
The package likely represents the last significant burst of legislating before the election, as lawmakers will become increasingly preoccupied by message votes and electioneering in the weeks ahead.
Sen. James Inhofe (R-Okla.) told reporters on Wednesday the details of the deal would emerge later in the evening, just in time to meet a deadline to allow House lawmakers to vote on it Friday before leaving for the July 4th recess.
The legislation would maintain transportation funding at current levels through the end of fiscal year 2014. It would also extend federal subsidies for college student loans. Rates for Stafford loans were due to double from 3.4 percent to 6.8 percent at the end of the month without congressional action.
Senate leaders announced an agreement on paying for student loan subsidies earlier in the week but cautioned final agreement would depend on a sign-off from House Republicans.
Read more: http://thehill.com/homenews/news/235137-deal-on-transportation-bill-expected-late-wednesday-
The package likely represents the last significant burst of legislating before the election, as lawmakers will become increasingly preoccupied by message votes and electioneering in the weeks ahead.
Sen. James Inhofe (R-Okla.) told reporters on Wednesday the details of the deal would emerge later in the evening, just in time to meet a deadline to allow House lawmakers to vote on it Friday before leaving for the July 4th recess.
The legislation would maintain transportation funding at current levels through the end of fiscal year 2014. It would also extend federal subsidies for college student loans. Rates for Stafford loans were due to double from 3.4 percent to 6.8 percent at the end of the month without congressional action.
Senate leaders announced an agreement on paying for student loan subsidies earlier in the week but cautioned final agreement would depend on a sign-off from House Republicans.
Read more: http://thehill.com/homenews/news/235137-deal-on-transportation-bill-expected-late-wednesday-
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