Rubio, along with Sens. Mike LeeMichael (Mike) Shumway LeeNSA spying program overcomes key Senate hurdle With religious liberty memo, Trump made America free to be faithful again This week: Time running out for Congress to avoid shutdown MORE (R-Utah) and Ted CruzRafael (Ted) Edward CruzWith religious liberty memo, Trump made America free to be faithful again Interstate compacts aren't the right way to fix occupational licensing laws Texas Dem: ‘I don’t know what to believe’ about what Trump wants for wall MORE (R-Texas), argued this summer that the vote on increasing the debt ceiling was the “last, best chance” Republicans had to stop President Obama’s signature healthcare law. But some of their GOP colleagues said the plan was flawed because it risked a government default and an economic catastrophe.

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Senate leaders Harry ReidHarry Mason ReidDems search for winning playbook Dems face hard choice for State of the Union response The Memo: Immigration battle tests activists’ muscle MORE (D-Nev.) and Mitch McConnellAddison (Mitch) Mitchell McConnellSessions: 'We should be like Canada' in how we take in immigrants NSA spying program overcomes key Senate hurdle Overnight Finance: Lawmakers see shutdown odds rising | Trump calls for looser rules for bank loans | Consumer bureau moves to revise payday lending rule | Trump warns China on trade deficit MORE (R-Ky.) announced a bipartisan fiscal deal Wednesday after House Republicans failed to attach ObamaCare limitations.

The Senate bill would end the shutdown, fund the government through Jan. 15 and raise the debt ceiling until Feb. 7. It also calls for a budget conference between the House and Senate that would have to report back by Dec. 15 and requires stricter income verification for recipients of ObamaCare subsidies.

The House and Senate are expected to pass that legislation later Wednesday — only hours before the Treasury has said it would no longer be able to borrow money. Republicans who oppose the bill have said they won't filibuster it.

“Tonight the government will be reopened and the debt limit will be lifted but our real problems will still be here,” Rubio said.

Republicans are expected to still try to achieve major entitlement reforms, including to ObamaCare, during long-term budget negotiations. But Democrats have said they won’t repeal the law because it has already benefited those younger than 26 who can stay on their parents’ plan, people with preexisting conditions that cannot be denied coverage, and women who don’t have to pay for preventative care.