Senate Rejects 'Cut, Cap and Balance' 7.29K Jim Newell 07/22/11 10:32AM Filed to: Votes Votes Senate Cut cap balance Debt ceiling debt limit Appic Tweetg The Senate has rejected House Republicans' favorite deficit-reduction plan, "Cut, Cap and Balance," on a 51-46 vote. Now, at least, the worst of the many bad pieces of legislation currently under consideration is gone.