New, improved GI Bill passes overwhelmingly in the Senate. This is Senator Jim Webb's initiative, which I wrote about in one of my first Yahoo! Finance columns.
The $51 billion measure pays for four year's tuition at the highest-priced public institution in the veteran's home state. Current benefits have eroded with the growing cost of college.
According to Paul Rieckhoff of the Iraq and Afghanistan Veterans of America:
"These 75 Senators stood with Senators Jim Webb and Chuck Hagel in favor of a new bipartisan GI Bill that actually covers the cost of college. As these Senators return home to honor troops and veterans during the Memorial Day recess, they can proudly point to their vote this week as proof of their commitment to our troops. IAVA thanks each and every one of them."