With
the threat of the nation’s default hanging over their heads, Senate Majority
Leader Reid (D-NV) and Minority Leader McConnell (R-KY) met to negotiate.[2]
On Saturday, Senator Reid introduced a bill that would raise the debt ceiling
to 1.1 trillion which would keep our country from defaulting until after the
elections in 2014.[3]
Unfortunately, fewer than sixty senators voted to proceed to debate which means
that cloture on the motion to proceed was not achieved.[4]
In
layman’s terms, that means that not enough Senators voted to debate on the
bill. The vote fell mostly along party lines, with 53 Senators voting for the
motion and 45 voting against. 60 Senators must vote yes to achieve cloture
(which basically ends debate on something).[5]
Senator
Reid, however, at the last minute, switched his vote to a no, which leaves him
the opportunity to bring up the same bill at a later time.[6]
The
Senate is debating again today, and we will all (well, maybe just me) anxiously
await the possibility of a bill that will fix our most recent fiscal crisis.
[1] http://www.nytimes.com/2013/10/13/us/politics/budget-and-debt-limit-debate.html?_r=0
[2] http://www.nytimes.com/2013/10/13/us/politics/budget-and-debt-limit-debate.html?_r=0
[3] http://thehill.com/homenews/administration/328225-white-house-slams-senate-gop-for-blocking-debt-ceiling-hike-
[4] http://thehill.com/homenews/administration/328225-white-house-slams-senate-gop-for-blocking-debt-ceiling-hike-
[5] http://democrats.senate.gov/2013/10/12/roll-call-vote-on-cloture-on-mtp-to-s-1569-debt-limit-dec-31-2014/
[6] http://democrats.senate.gov/2013/10/12/roll-call-vote-on-cloture-on-mtp-to-s-1569-debt-limit-dec-31-2014/