PRESIDENT NYET: Obama Rejects House Plan.

UPDATE: More Nyettism from the Democratic Senate: Democrats reject Susan Collins proposal.

Democratic leaders in the Senate are rejecting an offer by Sen. Susan Collins (R-Maine) to end the budget impasse, arguing it asks for too much in return for too little, senators and aides tell POLITICO.

The development comes on the same day that the Senate voted 53-45 to block a Democratic bill that would raise the debt ceiling through 2014 without any spending cuts or changes to Obamacare.

The House and Senate GOP should make a “best and final offer,” then leave town if it’s rejected.