Here is Politico‘s description of a Federal budget/debit ceiling compromise proposed by Republican Senator Susan Collins, that they are reporting has been rejected by Senate Democratic leaders…

The Collins plan, which was drafted with input from West Virginia Sen. Joe Manchin (D) and other senators, called for a six-month extension of government funding and a debt limit increase through January. But it asked for a delay in Obamacare’s medical device tax for two years and a requirement for income verification for Obamacare subsidies.

While it would give federal agencies more flexibility to work within the constraints of the automatic sequestration cuts, Democrats objected to the level of funding that Collins was seeking, which would lock-in the levels under the sequester at $967 billion next year, far too low for many Democrats.