Senate Rejects Four Budgets

Yesterday, the Senate voted on four budget resolutions (Sen. Rand Paul (R-KY), Sen. Pat Toomey (R-PA), Rep. Paul Ryan (R-WI)/ House Passed Budget  and President Obama's Febuary Budget) and all failed to meet the 60 vote threshold. This was done in part to show that none of the current budget plans will be able to garner the bipartisan support necessary to pass the Senate, signaling that more negotiation will be needed to agree on a budget for FY 2012. 

^{*The President's February Budget is different from and not to be confused with the President's new Budget Framework offered in April.}

Both parties have affirmed that a budget plan will only be passed if it can garner bipartisan support. We hope bipartisan negotiations on the budget and debt can produce a plan that can meaningfully address our nation's fiscal challenges. CRFB has identified over $1 trillion in common ground deficit reduction measures, which suggest that negotiations should continue to move forward.