The Senate Republicans admitted defeat for the latest version of the "repeal and replace" bill. "We don't have the votes," bill co-sponsor Bill Cassidy of Louisiana told reporters in Washington. "We've made the decision, since we don't have the votes, we'll postpone that vote."

This means that the Senate will not vote before Saturday's deadline to use the budget "reconciliation" process to pass a GOP-only bill. When Republican Senator Susan Collins of Maine added her opposition to that of GOP Senators John McCain of Arizona and Rand Paul of Kentucky, it was enough to doom the bill in the Senate.

Lindsey Graham of South Carolina, a co-sponsor of the bill, has not given up. He stated that it's only a matter of when the measure will be enacted, "We're coming back to this after taxes" he said, referring to Republicans' plan to tackle an overhaul the US tax system next.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.