Senate passes reconciliation bill

After a marathon, overnight session of Democrats handily defeating dozens of GOP amendments one after the other, the Senate passed the reconciliation bill. However, the Senate parliamentarian ruled that a couple of very minor provisions related to Pell Grants (remember this bill covers student loan reform as well) had to be stricken, so the House must pass it again. But this is will be easily done later today so it is no big deal. After that, President Obama will sign it into law as he did the main bill on Tuesday.

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