Reid said Republicans should worry not just about economic consequences, but political ones too. He said the Senate will finish work on a continued spending resolution by Saturday, but urged Republicans to allow that vote to happen sooner.

“We can finish this sometime Saturday, but it seems to me we should do everything we can to get this back to the House,” Reid said. “I think we could wrap this up today, but it’s up to my Republican colleagues if they’ll allow that to happen.”

Last week, the House passed H.J.Res. 59, which would fund the government through mid-December, but defunds ObamaCare. Reid filed two amendments to that measure to strip out the language defunding ObamaCare and changing the funding date to mid-November. If the amendments pass, the measure will be sent back to the House for final approval.

Sen. Ted CruzRafael (Ted) Edward CruzWhatever you think the Alabama special election means, you’re probably wrong This week: Congress gets ball rolling on tax reform Week ahead: Senators work toward deal to fix ObamaCare markets MORE (R-Texas) and Tea Party Republicans in the House are insisting that the spending measure repeal or delay ObamaCare. Reid said the Senate would not pass a bill that “guts” ObamaCare. 

Reid said House Republicans should learn from the 1995 shutdown.

“They should worry about the political consequences,” Reid said. “Newt Gingrich and the Republican controlled Congress, they shut down the government in 1995 because President Clinton wouldn’t meet their every demand. … We know the story didn’t end well for Republicans then.”