Lawmakers are at an impasse on how to pass a continuing resolution (CR) to fund the government, which has been shut down for more than a week. They are also working against an Oct. 17 deadline for raising the nation's borrowing limit.
Senate Republicans announced a new plan Saturday, but House Republicans rejected it.
The Senate will vote Saturday on whether to consider a plan from Reid that would allow the government to borrow another $1 trillion by the end of 2014, but Republicans are expected to block that proposal.
“[The debt ceiling] should be extended not for a couple weeks or couple months, but for a long time,” Reid said. “We shouldn’t have this fight.”