Senate Defeats Reid Plan, All Eyes on White House Now
The Senate defeated Majority Leader Harry Reid’s attempt to bring to the floor his plan to raise the debt limit and reduce the deficit. The vote was 50-49; 60 aye votes were needed to bring the bill to the floor.
All eyes are now on the White House where the President and representatives of both parties reportedly continue to work on a compromise. Senate Minority Leader Mitch McConnell said earlier today that a compromise was “very close,” but the New York Times quoted Senator Reid after the vote as saying a number of issues remain to be resolved.
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