host: lori montgomery, according to the senate schedule, harry reid will be announcing the schedule at00 a.m. have you heard anything? guest: i have not. when i left last night, it was not clear. they were still planning to proceed as they have been talking about for a week. that is, when the house bill comes over, they want to tilt it -- to kill it. it's not clear how they will do that. will they just amend reid's bill? they want to demonstrate that it does not have the votes to pass the senate. their plan last night was to go along with the reid bill and still hold onto hope that there could be compromise with mitch mcconnell to make the reid bill acceptable to republicans in the senate so that they could put the house and the same position. host: lori montgomery, if today's bill passes in the house, what happens to the cut, cap, and balance act that was passed last week? does that go away? guest: the senate tabled it. it is not going to come up. the house bill passes, there would be a vote on a balanced budget amendment, but there is no guarantee that the balanced budget amendment w