Senate votes to end debate on $26 billion aid to states bill

Senate Majority Leader Harry Reid (D-Nev.) argued the bill is fully paid for and doesn't increase the deficit. The Senate voted to waive the point of order.

The bill would provide $16 billion in Medicaid funding to states and $10 billion for teachers and first responders.

The measure is paid for by closing corporate tax loopholes that allow U.S.-based multinational companies to use foreign tax credits to reduce their U.S. taxes. The measure also rescinds about previously appropriated money and cuts future food stamp benefits.