Reid Pulling $1.2 Trillion Spending Bill

Reid is reportedly giving up on passage of the $1.2 trillion Omnibus Spending Bill.

From The New York Times article by David M. Herszenhorn (h/t Jacobson at Legal Insurrection):

"The Senate majority leader, Harry Reid of Nevada, said Thursday night that he was abandoning efforts to pass a $1.2 trillion spending measure to finance the government through Sept. 30 because Republicans would not support it.

"Mr. Reid said he would work with the Republican leader, Mitch McConnell of Kentucky, on a stop-gap spending bill instead. Senate Republicans also said they would not support a House-passed temporary spending measure running through the end of the fiscal year on Sept. 30. Instead, they want to develop a separate measure running only through the early part of next year.

"At that point, Republicans will control a majority in the House and six additional seats in the Senate, giving them greater leverage over any spending decisions."

While many people are doing happy dances, I'm waiting to see what's going to happen in the next few days. This does look promising, though...