The Senate plans to vote Monday on a debt ceiling compromise, but the timing has yet to be worked out, Senate Majority Leader Harry Reid (D-Nev.) confirmed in opening floor remarks.
The Senate “expects to vote hopefully during today’s session sometime,” Reid said. “I look forward to working with my colleagues the next few days on both sides of the aisle to pass this remarkable agreement, which will protect the long-term health of our economy.”
The Senate is set to recess between 11 a.m. and 12:30 p.m. to allow the Democratic and Republican conferences to meet privately to review the deal crafted Sunday by President Barack Obama and House and Senate leaders on both sides of the aisle. Vice President Joseph Biden is scheduled to be on Capitol Hill to join the meeting of Senate Democrats; he will meet with House Democrats at noon.
Opponents of the agreement are expected to attempt a filibuster, which would force a 60-vote threshold to clear the legislation. However, early indications are that they will not force the Senate clock to run a full 30 hours prior to a procedural cloture vote.
Leaders from military and veterans service organizations joined Sens. Roger Wicker, R-Miss., Kelly Ayotte , R-N.H., and Lindsey Graham, R-S.C., at a press conference to urge the Senate to replace a provision in the budget proposal that cuts retirement benefits for veterans. Wicker, Ayotee, and Graham earlier called for a bipartisan solution to replace the $6.3 billion in cuts to military retiree benefits.
Each year since 1990, CQ Roll Call has reviewed the financial disclosures of all 541 senators, representatives and delegates to determine the 50 richest members of Congress. This year's report, derived from forms covering the calendar year 2012, shows it took a net worth of $6.67 million to crack the exclusive club.