WASHINGTON (June 29, 2012)--Congress passed a massive measure Friday that will salvage some 2.8 million jobs and shield college students from sharply higher interest rates on college loans.
The bill will also shore up the federal flood insurance program.
The Senate approved the bill by a vote of 74-19 after the House passed it earlier in the day.
The bill now goes to the White House for President Barack Obama's signature.
The bill will spend more than $100 billion on highway and transit programs over two years and will also prevent a doubling of interest rates on new student loans that’s scheduled to go into effect on Sunday.
A requirement that the government approve the contentious Keystone XL pipeline was dropped from the measure.