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 McConnellBusiness groups ramp up pressure to fill Ex-Im board Senate Dems: No August break without Zika deal Never Trump plots its last stand 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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