The Republican-majority House has passed its version of the measure , which Obama has threatened to veto . NEW : Sen. Reid says it is Democrats stalling progress to score political points . The president urges Senate to prevent interest rates on student loans from doubling . Senate Majority Leader McConnell says recent talks provide hope for a resolution . Without action , the current 6.8 % interest rate will rise to 3.4 % at the end of June .
NEW : Sen. Reid says it is Democrats stalling progress to score political points . The president urges Senate to prevent interest rates on student loans from doubling . Senate Majority Leader McConnell says recent talks provide hope for a resolution . Without action , the current 6.8 % interest rate will rise to 3.4 % at the end of June .