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Reid bill fails to get 60 votes

Moments ago, Senate Majority Leader Harry Reid did not get 60 votes to invoke cloture on his debt-hike legislation. Fifty senators voted for cloture (to end debate), including one Republican: Massachusetts Sen. Scott Brown. And 49 senators voted against cloture, including Democrats Ben Nelson, Joe Manchin and Reid and independent Bernie Sanders.

Why did Reid vote "no" for his own bill?

His "no" vote keeps the underlying bill alive to bring back later when/if agreement is reached for the expected deal between the White House and congressional leaders.