Apparently, he did not have the votes for passage.
Please feel free to use this thread to discuss latest development.
UPDATED (7:20 p.m.) – Brian Beutler reports members have been alerted to plan on a vote tonight, and not to miss it.
Meanwhile, Reid says he will return to floor at 8:30 to see what House will do.
Rep. Paul Ryan told National Review he is confident Boehner Plan will pass house, but he also wrote a budget plan assuming the U.S. would 5% economic growth for 15 consecutive years, so take what he says with a grain of salt.
Actually, make that an entire shaker.
FINAL UPDATE (10:31 p.m.) – House Whip Kevin McCarthy says there will be no vote tonight.
Boehner may ultimately tweak the bill and get it passed, but this has to be an embarrassing disaster for him.