Senate Majority Leader Harry ReidHarry ReidSay NO to PROMESA, say NO to Washington overreach Overnight Finance: Wall Street awaits Brexit result | Clinton touts biz support | New threat to Puerto Rico bill? | Dodd, Frank hit back McConnell quashes Senate effort on guns MORE (D-Nev.) announced a deal with Republicans Tuesday that will allow the Senate to vote on rival spending measures Wednesday.
The votes on a GOP measure to further cut spending this year by about $57 billion, and a Democratic alternative to cut spending by $6.5 billion, will take place Wednesday afternoon.
“Even though there have been a few turns in the road we are at the place where we need to be,” Reid said in floor comments early Tuesday evening. “We need to be able to show the American people where we are on these issues.”
“Things don’t always work smoothly around here but usually they work, and now we are at a point where we can vote on these two measures, which is what we need to do,” Reid said Tuesday in announcing the deal. He also thanked his GOP counterpart, Senate Minority Leader Mitch McConnellMitch McConnellMcConnell: Trump needs to act like a 'serious candidate' Overnight Finance: Wall Street awaits Brexit result | Clinton touts biz support | New threat to Puerto Rico bill? | Dodd, Frank hit back The Trail 2016: Berning embers MORE (Ky.), for his cooperation in allowing the votes.
The Senate will vote first on the GOP measure. If it fails to win the necessary 60 votes to end debate, the Senate will move to a vote on the Democratic bill. Both are expected to fall short of the 60-vote hurdle.
The Senate will begin three hours of debate on the measures at noon on Wednesday.
While the votes are expected to fail, the intention is to provide both parties with a sense of how their measures stand in the broader Senate. Republicans and Democrats are split by $50 billion, and neither side has been willing to budge in the fight.