Durbin to vote for debt-ceiling compromise with a ‘heavy heart’

Durbin said he hoped that future efforts to reduce the deficit would include revenue raisers as well as cuts.

“The job ahead will he hard, but let us hope that we will, in reducing the deficit, further do it in a balanced and fair way with everything on the table,” said Durbin.

The deal, reached Sunday by Obama and congressional leaders, would cut nearly $1 trillion in planned spending over 10 years and create a bicameral committee tasked with finding another $1.5 trillion in cuts in exchange for raising the debt ceiling by $900 billion over the next few months, then by another $1.5 trillion early next year.

The Senate is set to vote on that plan at noon on Monday.