<img src="http://d.yimg.com/a/p/ap/20110309/capt.b732692807684d978970cc860dffda01-b732692807684d978970cc860dffda01-0.jpg?x=130&amp;y=88&amp;q=85&amp;sig=PSrTArtmMx3bPT9XZ.Rk8w--" height="88" width="130" alt="Senate rejects rival GOP, Democratic budgets   (AP)" style="float: left; border: 0px;" />

AP - The Democratic-led Senate on Wednesday emphatically rejected a budget-slashing House spending bill as too draconian. It then immediately killed a rival Democratic plan that was derided by moderate Democrats as too timid in its drive to cut day-to-day agency budgets.<br style="clear: both;" /><p><strong>Read more:</strong> <a class="rssreadon" rel="external" title="Senate rejects rival GOP, Democratic budgets   (AP)" href="http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20110310/ap_on_bi_ge/us_spending_showdown" target="_blank">http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20110310/ap_on_bi_ge/us_spending_showdown</a></p>