Punchbowl News: “Today, the Senate today kicks off what could be a brisk, 36-hour sprint or a drawn-out, days-long marathon on that legislation, the Fiscal Responsibility Act.”
“Leaders in both parties hope it’s the former. Not only to preserve their weekends, but to calm world financial markets ahead of the deadline Monday for a U.S. government default.”
“Based on our conversations with leadership aides, there’s a reasonable hope that the Senate can pass the debt-limit package by Friday night. And last night’s blowout House vote will lend some momentum to this. Two-thirds of House Republicans were in favor, with an even bigger total among Democrats.”
“The key here for Senate Majority Leader Chuck Schumer will be clinching a time agreement with senators who are demanding votes on amendments — and then making sure that those amendments don’t pass. We expect all of these amendments to be considered at a 60-vote threshold.”
Playbook: “It appears to be smooth sailing from here. Both Schumer and Senate Minority Leader Mitch McConnell were pretty blunt about the need to get this wrapped up by the end of the week and are hoping for cooperation from all senators.”
CNN: Senate races to avert default but vote timing unclear for debt limit bill.
