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Read the Reid Debt Bill -- Vote This Afternoon

July 30, 2011 - by Donny Shaw

The House is scheduled this afternoon to vote on Senate Majority Harry Reid’s debt ceiling bill, which you can find here:

H.R.2693 — Budget Control Act of 2011

The full text is here. It’s a good read. I promise.

Because of the procedure under which the Reid bill is being taken up, it’s guaranteed to fail. Rep. Dreier, the House Rules Committee Chair, has put the bill on the suspensions calendar, which means there will be no amendments allowed, no motions to recommit, and a 2/3rds majority required for passage. The suspensions calendar is typically reserved for non-controversial stuff that is going to pass easily, like naming post offices and honoring sports teams. It’s a way to save time on routine matters — not really a good way to vote on cutting trillions in social spending. This isn’t going to get a 2/3rds majority, and Dreier knows that.

Meanwhile, the Senate is waiting around all day for their motion to proceed to the Reid bill to ripen. The delay is because Senate Republicans yesterday did not agree to proceed to the bill under unanimous consent. Their objections means that Reid had to file for cloture on the bill, which takes one calendar day plus one hour to ripen, and that the bill will need 60 votes to be approved, not a simple majority of 51. Senate Dems don’t have 60 votes for the bill, so it’s going to fail. The vote is expected at 1 a.m. on Sunday.

Also, read Dave Dayen on what the endgame is shaping up to look like.  

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