Senate releases text of Reid's sequester replacement bill

Republicans have said the measure is a gimmick that would not lead to real savings, and they have called on Democrats to focus on cutting waste.

Earlier today, Senate Minority Leader Mitch McConnellMitch McConnellJohn McCain: No longer a profile in courage McConnell: Senate won't take up TPP this year Barack Obama is the founder of Donald Trump MORE (R-Ky.) said Reid's bill goes against President Obama's preferred plan of replacing the sequester with new taxes.

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