The Kentucky Republican said he still has some hope a budget deal could be done.
On The Money
The Consumer Financial Protection Bureau is taking a larger role in overseeing Sallie Mae and other student loan servicers.
The number of U.S. banks dropped below 7,000 this year – down from a high of more than 18,000, and the fewest since at least the Great Depression.
Congress is more likely to need at least a stopgap spending bill.
Green groups, unions and business lobbies are stockpiling cash for the midterm elections.
Private loan servicers will have to prepare for new oversight.
President Obama is set to meet on Tuesday with Colombian President Juan Manuel Santos while Vice President Biden meets with top officials in Japan.
Santos, who is making his second trip to Washington since being elected in 2010, will make the rounds on Tuesday and Wednesday to meet with Obama, congressional and U.S. business leaders as well as members of the Colombian-American communities.
The Financial Stability Oversight Council has strayed from its mission, the group charges.
The last time the federal gas tax was increased was 1993.
The Supreme Court on Monday declined to wade into a dispute between Amazon and New York over sales tax collection.
Amazon and another large online retailer, Overstock, had challenged a New York law that forced the companies to collect sales taxes on purchases made from the state.