The votes were merely symbolic since the two sides are $50 billion apart in proposed cuts.
Democrats denounced the Republican bill to make $57 billion in cuts as "reckless," "extreme," and "one of the worst pieces of legislation ever drafted in the history of this Congress," arguing that it would slash hundreds of thousands of jobs and stall the country's ongoing economic recovery.
The House-passed GOP bill was defeated in the Senate by a vote of 44-56. The vote was strictly along party lines -- Democrats against, Republicans in favor -- except for three Tea Party Republicans: Jim DeMint of South Carolina, Mike Lee of Utah and Rand Paul of Kentucky.
Republicans countered that the Democrats' plan to make $4.7 billion in cuts is "unacceptable," "indefensible," and showing that they are "in denial" about the nation's soaring deficits, especially in the wake of a report this week that the government last month racked up an all-time record deficit of $223 billion.
That bill was also defeated, 42-58. Eleven Democrats broke with their party to oppose the measure: Herb Kohl of Wisconsin, Claire McCaskill of Missouri, Ben Nelson of Nebraska, Bill Nelson of Florida, Mark Udall of Colorado, Michael Bennet of Colorado, Jim Webb of Virginia, Carl Levin of Michigan, Bernie Sanders of Vermont, Joe Manchin of West Virginia, and Kay Hagan of North Carolina.
Both bills were attempts to fund the remaining six months of the current fiscal year.
Ultimately today's votes in the Senate were exercises in futility, since neither Democrats, with their 53-seat majority, nor Republicans, with their 47-seat minority, had nearly enough votes to reach the chamber's 60-vote threshold. But that was sort of the point -- now that the votes are over, the bipartisan negotiations involving Congressional leaders and representatives from the Obama administration are expected to resume.
Sen. Chuck Schumer, D-N.Y., today said the debate should "reset" after the votes. He said both sides need to negotiate with "fresh eyes and a new mindset." Schumer said he believes lawmakers should include mandatory spending cuts and tax code reforms as part of any final compromise.
"The next offer and counter offer should include mandatory cuts and revenue raisers like oil royalties into the mix," Schumer said on the Senate floor. "We will only put a dent into the deficit with shared sacrifice."
"The blame for the current breakdown in budget negotiations rests with our failure to think big," he added. "A bipartisan compromise will not be found in discretionary spending cuts alone. We must broaden the playing field."
In turn, the Senate's top Republican, Mitch McConnell, argued that if Democrats cannot manage to cut more than a day's worth of red ink over the next six months, then that does not bode well for lawmakers figuring out a way to agree on a 2012 budget or reach a deal to reduce the country's $14 trillion debt.