In an awkward move Wednesday, Senate Republicans voted overwhelmingly for two GOP-written budgets that would each let student loan interest rates spike in July, even as they insist they want to avert such an outcome. Budget measures by Rep. Paul Ryan (R-WI) and Sen. Pat Toomey (R-PA) went down 41-58 and 42-57, respectively. Both let Stafford loan rates double from 3.4 to 6.8 percent, which President Obama and Democrats have been pushing to prevent. Mitt Romney and GOP leaders say they want to extend the existing rate but differ on how to pay for it. (via Senate Republicans Vote To Hike Student Loan Rates They Oppose Hiking | TPMDC)
—-There is nothing surprising here.