House Republicans, led by Sen. Ted Cruz (R-Texas), forced the government shutdown in order to reform and delay parts of ObamaCare. Some Senate Republicans criticized that move because it lasted long enough to risk economic default, which the administration says will occur Thursday.
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.
House Republicans have said they’ll vote on the Senate bill because they failed to get enough support within their own party to advance yet another deal on Tuesday.
Republicans are still hoping that in coming months they will be able to negotiate concessions from Democrats on ObamaCare and entitlement cuts, but time will only tell.