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Friday, June 29, 2012

Fed Benefits Spared In Tentative Highway, Student Loan Deal

Congressional leaders tentatively agreed on a bill to overhaul federal highway programs and extend student loan interest rates. Federal employees' retirement benefits appear to be spared in the deal. The legislation also allows the Department of Transportation to avoid furloughing 3,500 employees and halting hundreds of thousands of constructions projects. The conference committee is expected to vote on the deal Thursday as a Saturday deadline looms.


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