The Senate has just voted to not waive a Budget Act point of order raised against the Sessions-McCaskill amendment (#3337) to the Senate jobs bill. The amendment would institute discretionary spending caps. The vote was 59-41. Sixty votes were needed to waive the point of order. If the point of order were waived, the Senate would have proceeded to voting on approving the amendment. CRFB supports spending caps.

CRFB press release on paying for jobs bill

CRFB paper on Controlling Discretionary Spending

Bottom Line Blog on bringing back spending caps