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Senate blocks bid to aid student-loan borrowers

Posted: June 12, 2014 at 5:19 a.m.

Sen. Al Franken, (from left) accompanied by fellow Democratic Sens. Patty Murray, Richard Durbin and Charles Schumer, talks to reporters Wednesday about the student-loan legislation that failed to gain enough votes to advance.

The Senate on Wednesday blocked a proposal by Sen. Elizabeth Warren, D-Mass., to let student-loan borrowers refinance their balances at lower interest rates.

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