If true this would obviously be HUGE news, but CNN’s reporting over the last 24 hours hasn’t exactly been stellar.

Update: This victory will probably be short lived after learning Obama will start issuing dictator-style executive orders.

Via WaPo:

Senate Majority Leader Harry M. Reid (D-Nev.) announced Thursday that the Senate will “take a pause” and return to consideration of gun legislation at a later date.

“Yesterday, President Obama said it was ashameful day for the Senate, and it probably was, I agree. But we should make no mistake: This debate is not over, in fact this fight is just beginning,” Reid said on the Senate floor Thursday.

Reid’s decision came the day after President Obama’s comprehensive gun control effort suffered defeat in the Senate, with all the major proposals he backed failing to gain enough votes.

Reid said Thursday the Senate would “take a pause and freeze the background check bill where it is” and return to it at an undetermined date, likely with consideration of other proposed amendments.