Schumer thinks Boehner will get votes in the House to pass his deficit plan

"It's not going to pass this house, the Senate," said Schumer. "It will be defeated here in the Senate."

Perhaps justifying Senate Majority Leader Harry ReidHarry ReidReid 'fairly certain' Democrats will win Senate Satanists balk at Cruz comparison Cory Booker is Clinton secret weapon MORE’s (D-Nev.) decision to expedite the bill’s defeat by moving to table it, Schumer said the Senate ought not to waste much time on the legislation.

"Let's not waste five, six, seven, eight more hours," said Schumer. "Let's start negotiating something that will save this country from potential financial catastrophe now."

More in Finance

House Freedom Caucus open to passing spending bills without budget

Read more »