Reid Bill Turned Down In The Senate Too - Second Time!

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Full Coverage of the discussions, debates, and vote. Explanation is below. Published 7-31-2011 @ 2:33PM CT - Runtime: 1:19:14 It's obvious that the Democrats are not all in agreement with their leader on the way things should be done to repair the economy, retain Social Security and Medicare, and Medicaid. It appears that the majority of the Senate believe in keeping those entitlements, but don't believe in the motives of the other proposals in the bill. Currently they are in recess and subject to the call of the Chair to resume business. By a count of 50 - 49, the Senate voted to not proceed on Majority Leader Harry Reid's (D-NV) debt ceiling proposal. The vote required 60 "ayes" to clear the filibuster hurdle. Following the vote, the Senate went into recess, subject to recall by the Majority Leader. At the opening of this afternoon's special Senate session, Leader Reid said he was "cautiously optimistic" that a debt ceiling deal could be reached soon. He was referring to a plan proposed by Sen. Minority Leader Mitch McConnell (R-KY) that would cut spending by trillion over the next decade and raise the debt ceiling through 2012 in a two-stage process. Negotiations between the White House and the Senate leadership continue on the McConnell plan. Both the House and Senate were in session Saturday to debate the Reid plan, which would last through 2012 and cut about .4 trillion in federal spending. The House considered it under a special rule where a 2/3 majority was ...

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