The U.S. Senate has voted down a House-approved bill to raise the debt ceiling, leaving the ball in the court of Senate leadership to produce a deficit reduction bill, with just days left before the Aug. 2 deadline. The vote was 59–41.
Senate Majority Leader Harry Reid followed through on his promise to kill the bill, pushed through the House a day late by House Speaker John Boehner. The White House, which has thrown its weight behind a Reid proposal, had promised a veto had it miraculously passed the Senate.
The Senate also killed the Cut, Cap, Balance Act last Friday and has yet to vote on a formal proposal. Having passed two proposals and with little time to attempt another bill, the House now waits to act on a Senate bill.