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 Reid’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."