Four Democratic senators opposed the bill and two Republicans supported it. Your point that Republicans in the House would defeat a bill that couldn't even make it out of the Senate seems silly to me.
The president is not going to lay out any spending cuts in any speech. He will continue to vilify Republicans for not "taking a balanced approach" which means tax and spend. We can tax and borrow and spend until we run out of people who want to lend us money.
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