ABC News’ John R. Parkinson (@JRPabcDC) reports:
The House of Representatives voted moments ago 173-246 to defeat Sen. Harry Reid’s version of a plan to increase the debt limit by $2.4 trillion along with $2.4 trillion in cuts.
No Republican voted in favor of the legislation while 11 House Democrats voted against it. The bill required a two-thirds majority to pass because it was moved to the floor under the Suspension of the Rules.
These are the Democrats who voted against the bill with the Republican conference:
The vote comes less than 24 hours after the House passed a plan introduced by House Speaker John Boehner, but was quickly tabled by Senate Majority Leader Harry Reid later Friday evening.
The House adjourned Saturday shortly after the vote on the Reid plan at 3:16pm and will be in a pro forma session tomorrow, with no votes expected.
So what’s next? Stay tuned…House Speaker John Boehner and Senate Minority Leader Mitch McConnell will hold a press conference at 3:45 p.m.