Senate Kills House 'Cut, Cap, and Balance' Bill

As for larger deal: 'We're working on it,' says Obama
By Newser Editors and Wire Services
Posted Jul 22, 2011 11:56 AM CDT
President Obama speaks at the University of Maryland Friday.   (Pablo Martinez Monsivais)
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(Newser) – As expected, the Senate today blocked a House Republican bill to require Congress to slash spending and pass a balanced-budget amendment before raising the nation's borrowing powers. The Senate defeated the Tea-Party-backed "cut, cap, and balance" measure by a vote of 51-46. The defeat comes against the backdrop of ongoing negotiations on a larger deal, even as John Boehner insists the two sides aren't close.

For his part, President Obama made clear that the biggest obstacle remains a large bloc of conservative House Republicans. Speaking at a town-hall-style meeting at the University of Maryland, Obama said he was "willing to sign a plan that would include tough choices I would not ordinarily sign," even if went further than those in his own party wanted. "Whether I like it or not, I've got to get the debt ceiling raised," Obama declared. Of crafting a deal that could win over skeptical House Republicans, Obama said, "We're going to keep working on that."

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