Senate defeats Reid bill, waits for deal from Obama and GOP leaders

[chill_wind]

Senate defeats Reid bill, waits for deal from Obama and GOP leaders
By Alexander Bolton and Josiah Ryan - 07/31/11 01:38 PM ET

The Senate voted largely along party lines on Sunday afternoon to block legislation crafted by Senate Majority Leader Harry Reid (D-Nev.) to raise the debt limit by $2.4 trillion.

Reid and other Democratic leaders worked intently to persuade centrist Republicans to support the plan but fell short.

The vote to end a GOP filibuster failed 50 to 49. Only Sen. Scott Brown, a centrist Republican from Massachusetts, defied the GOP leadership.

Sen. Joe Manchin (D-W.Va.) and Sen. Bernie Sanders (I-Vt.) voted against Reid's plan, as did Reid himself in a procedural move that will allow him to bring it back to the floor.

Now Democratic senators are waiting for Reid to call a special caucus meeting with senior administration officials to hear about the status of negotiations with GOP leaders. A meeting had been announced for 2 p.m. but it was postponed at the last moment.

Lawmakers say they have been told the president and GOP leaders are closing in on a deal and expect one as soon as this afternoon.

more: http://thehill.com/blogs/floor-action/senate/174581-senate-defeats-reid-bill-and-waits-for-bipartisan-deal-from-obama-and-gop-leaders

[no_hypocrisy]

1. Doesn't mean the compromise will be voted for by a majority.

[villager]

2. Obama and his fellow Republicans, working out a "compromise" then?

n/t

[chill_wind]

3. Mmm yes. The Obama/McConnell Spending Cuts Only

Debt Limit Bill.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1621907