Cut, Cap and Balance Killed in the Senate, Reid Cancels Senate’s Weekend Session

ABC News' Sunlen Miller ( @SunlenMiller ) reports:

As expected the Cut, Cap and Balance Act was killed by a party-line vote in the Senate this morning.

The vote breakdown was 51 to 46. Three Senators were absent from voting – Gillibrand, Kerry and McCain. The Act passed in the House Tuesday.

“We're going to dispose of this legislation as it needs to be so President Obama and the Speaker can move forward on a matter that will have some revenue in it and send it over here and we can move forward to complete our work to make sure that we don't default on our debt,” Reid said following the vote.

And an interesting turn – indicating again where, and who the negotiations are between right now.

Earlier in the week Reid had announced that the Senate would be in session every day – including weekends – until Congress sends legislation to the president. Reid even ridiculed the House of Representatives for being out of session this weekend.

But things have changed since Monday when he made that announcement. And as he underscored four separate times today already – the talks are mainly going on between President Obama and Speaker of the House John Boehner.

So – Reid just announced the Senate will not be in session this weekend. The next roll call vote will be on Monday at 5:30 p.m.

“Circumstances have changed,” Reid said noting that the legislation will now have to originate in the House so the Senate won’t have to be in and working this weekend, “based on these changed circumstances, it is no longer the case. So at the close of business today, the Senate will be out until Monday.”

Reid said the Senate waits for the President and the Speaker. Over the weekend there will be meetings going on, Reid said, but clearly he’s not included in those yet.

“I'll do my best to monitor closely the talks between the President and the Speaker,” Reid said, “I can't speak for the Republican leader -- but I haven't been in the date-to-day negotiations as to what's going on between the two. For the third time today, I say as sincerely as I can, I wish them well.”

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