The Senate has tabled the Boehner Bill by a vote of 59 to 41. This was an expected move. Senate Majority Leader Harry Reid will bring his own version of a debt plan to the Senate Floor this weekend.
Listen HERE to what the vote tally sounded like in the Senate:
Prior to the vote, Kentucky Senator Mitch McConnell challenged the Senate Majority Leader on not bringing a plan to the Senate Floor Friday night.
Listen HERE to the exchange:
Listen HERE to Highlights of Senator Reid's remarks:
After the Senate vote, Speaker Boehner's spokesman Michael Steel released the following statement:
"For the second time, the House has passed a reasonable, common-sense plan to raise the debt limit and cut spending and, for the second time, Sen. Reid has tabled it. The responsibility to end this crisis is now entirely in the hands of Sen. Reid and President Obama".
Earlier Friday evening, the House has passed Speaker Boehner's debt plan by a margin of 218 to 210. 22 Republicans voted NO on the Boehner Bill. The Speaker's revised measure would raise the debt ceiling by 900 billion dollars. It would slash spending by 917 billion. Democrats are summing up the measure as a big waste of time.
Listen HERE to what the vote tally sounded like on the House Floor:
Prior to the vote, Speaker Boehner took to the House floor with some spirited remarks directed towards the Obama administration.
Listen HERE to highlights:
FOX's Mike Emanuel has more from Capitol Hill on what the House vote means for Speaker Boehner's political future:
Friday morning, President Obama urged the Senate to step up and come up with some way out of the debt limit stalemate.
FOX News Radio White House Correspondent Mike Majchrowitz reports from the West Wing:
What would Boehner's plan have done if it made it through the Senate?
FOX News Radio's Jessica Stone has that part of the story from Washington:
Listen to highlights of Friday's remarks by the President on finding a debt solution HERE:
Read the White House Statement on the passage of the Boehner Bill in the House HERE:
THE WHITE HOUSE
Office of the Press Secretary
FOR IMMEDIATE RELEASE
July 29, 2011
Statement by the Press Secretary
The bill passed today in the House with exclusively Republican votes would have us face another debt ceiling crisis in just a few months by demanding the Constitution be amended or America defaults. This bill has been declared dead on arrival in the Senate. Now that yet another political exercise is behind us, with time dwindling, leaders need to start working together immediately to reach a compromise that avoids default and lays the basis for balanced deficit reduction.
Senator Reid's proposal is a basis for that compromise. It not only achieves more deficit reduction than the bill passed in the House today and puts a process in place to achieve even more savings, it also removes the uncertainty surrounding the risk of default. The President urges Democrats and Republicans in the Senate to find common ground on a plan that can get support from both parties in the House - a plan the President can sign by Tuesday.