Senate, House Pass Non-Binding Budget Resolution

What this plan does, instead of sending an actual budget to President Barack Obama, is set the parameters that can be used to create subsequent tax and spending bills.

For those wondering, Arlen Specter, who just yesterday switched parties from GOP to Democrat, voted against the resolution, along with three other Democrats.

The Senate voted in favor budget 53-43; the House voted 233-193. Not a single Republican voted for it, which means that it won't stand up to cloture in the Senate.

But that won't matter, because Democrats made use of a special process, known as as budget reconciliation, which won't allow the GOP to filibuster.

Instead Democrats who control 59 seats in the Senate, will be able to pass it with a simple majority vote instead of the 60 needed to overcome a filibuster.