WASHINGTON (CNN) - President Barack Obama on Monday called the Senate vote to end its debate and move toward passing a health care bill "a big victory for the American people."
In remarks at the White House, Obama rejected arguments by Republican opponents of the bill that it will increase the federal deficit.
The non-partisan Congressional Budget Office says the Senate bill will reduce the deficit by $132 billion in the first 10 years, Obama said.
"That argument that opponents are making against this bill does not hold water," Obama said.
The Senate will hold more procedural votes on the health care bill this week, with a final vote scheduled for Christmas Eve.