OUCH

Senate Kills Boehner Debt Bill

Harry Hamburg / AP Photo

Senate Majority Leader Harry Reid, D-Nev., whispers to House Speaker John Boehner, R-Ohio, during a photo opportunity in the House Speaker's office before a meeting on the debt limit increase on Capitol Hill in Washington on Saturday, July 23, 2011.

There goes dysfunctional Washington again. Hours after Republican House Speaker John Boehner pushed through his debt-ceiling fix—which would slash $900 billion over 10 years and raise the debt ceiling in two installments, among other measures—the Democrat-controlled Senate quickly squashed it by a 59-41 vote. Six Senate Republicans voted against the plan, which passed with exclusively Republican votes in the House. Harry Reid, who leads the Senate, then presented his own plan, a $2.4-trillion proposal that'd raise the debt ceiling by that amount through 2013. Next up: another round of talks, and perhaps a compromise by Obama’s new deadline of Tuesday.