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. 

Treasury and the White House have warned that if the limit is not lifted, the government could default on its debt, leading to a recession. President Obama has been meeting with lawmakers this week in an effort to find a deal.

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.”