Shortly after 1 p.m. Sunday, the Senate voted down Majority Leader Harry Reid's debt limit bill.
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That plan has been outmoded by a new one, hammered out by the White House and Minority Leader Mitch McConnell, that's still being finalized. When it's completed, it will be attached as an amendment to Reid's bill (Reid will be able to recall that legislation by voting to filibuster his own plan, knowing it's doomed anyhow).
As noted here, the McConnell/Obama plan is likely to contain an enforcement mechanism comprised entirely of spending cuts -- both to domestic and defense programs -- that will kick in if a bipartisan fiscal committee doesn't report a package of entitlement and tax reforms later this year.