Boehner’s Bill Bounced By The Senate

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:

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.

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