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Senate Rejects Republican 'Cut, Cap, Balance' Bill         JULY 22, 2011     The U.S. Senate voted to table the Republican bill, known as "Cut, Cap, and Balance," in a 51-46 vote. The rejection had been expected even before the House passed it earlier this week. The proposal would cut $100 billion from the next budget and cap federal spending at 20 percent of national GDP, as well as requi…