Senate Republicans gave a thumbs down to a Democratic plan that would have frozen interest rates for 7.4 million students taking out new federally subsidized Stafford loans.
The vote was 52-45. Sixty votes were needed to avoid a certain Republican filibuster and to move the bill toward debate.
From the Republican perspective, it wasn't the idea of keeping the rate at 3.4 percent rather than letting it double starting in July. The impasse was over how to fund the one-year rate freeze, which would cost the government $6 billion, according to the Congressional Budget Office.
Democrats keep getting dinged by media fact checkers for attacking Republicans for allegedly wanting to strip money from preventive health programs to pay for to keep the interest rates on some student loans from doubling this summer.
But that hasn't stopped progressives from continuing to make the claim. The latest comes in a new full-page MoveOn.org ad in Politico. The ad reads in part: