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Reid: Reject 'Tea Party overlords'

Senate Majority Leader Harry ReidHarry ReidSenate holds two-hour Biden lovefest Dem senator threatens to slow-walk spending bill The Hill's 12:30 Report MORE (D-Nev.) on Wednesday said he hoped enough Republicans would reject their "Tea Party overlords" to advance a bill to raise the debt ceiling.

The Nevada Democrat announced Wednesday the Senate would vote to end debate on the bill around 1:45 p.m.

If cloture is invoked, the Senate will move immediately to final passage of a bill that the House passed Tuesday to raise the debt ceiling until March 2015, with no strings attached.

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The bill raises the debt ceiling until March 15, 2015, which would allow the government to continue borrowing above the current $17.2 trillion cap. After the suspension ends, the new debt ceiling will equal the amount of debt the government has racked up by then.

Read more from The Hill.