Economy

As Predicted, The House Rejects Reid Plan

They decided to take it up as a "suspension vote" to prove it won't pass.

WASHINGTON -- With just three days left until the country is set to begin defaulting on its debt, the House rejected a debt proposal by Senate Majority Leader Harry Reid (D-Nev.) on Saturday -- a move Republicans designed purely for theatrics to show the bill lacked the votes to pass.

The bill was rejected by a vote of 173 to 246. Eleven Democrats joined all of the House Republicans in opposing Reid's bill. The defecting Democrats included Reps. John Barrow (Ga.), Dan Boren (Okla.), Bruce Braley (Iowa), David Loebsack (Iowa), Jim Matheson (Utah), Mike McIntyre (N.C.), Collin Peterson (Minn.), Mike Ross (Ark.), Kurt Schrader (Ore.), Peter Visclosky (Ind.) and David Wu (Ore.).

What the hell kind of deal will pass both the House, the Senate and the White House at this point? None shall pass.