Balanced Budget Amendment Fails In Senate

Source: Tom Cohen / CNN

Washington – The Democratic-controlled Senate on Wednesday rejected two proposed versions for a balanced budget amendment to the Constitution — a setback to GOP leaders and conservative activists who say the measure is necessary to end the federal government’s spiraling deficit spending.

A Democratic version opposed by Republicans fell on a 21-79 vote. Then a Republican version also failed to get the two-thirds majority required with a 47-53 vote.

Last month, the Republican-controlled House of Representatives failed to pass a GOP-proposed amendment, falling 23 votes shy of the two-thirds majority required for passage.

The congressional votes on the amendment were agreed to by both parties in August as part of the agreement raising Washington’s debt ceiling.

Democratic leaders, however, are vehemently opposed to the idea, arguing that it would force the government into an economically destructive cycle of massive spending cuts.

To read this article in its entirety visit CNN.