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Sequestration bills fail in Senate

Published On: Feb 27 2013 07:00:00 PM EST   Updated On: Feb 28 2013 06:47:04 PM EST

Sequestration bills fail in Senate

Two very different takes on how to head off $85 billion in budget cuts have both failed in the U.S. Senate.

Republican Pennsylvania senator Pat Toomey had introduced a bill that would prohibit a tax increase and replace cuts to defense spending.  Democrats want a combination of cuts and revenue.

Their plan called for cutting payments to farmers and making defense cuts over the years as the U.S. withdraws troops from Afghanistan.

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The across-the-board budget cuts are scheduled to take effect Friday.