The House is expected to vote today on Sen. Harry Reid's bill between 2-2:30 PM ET, with the debate starting at 1 PM ET. Since it's being brought up under special expedited rules, it needs a two-thirds majority to pass. Of course Speaker John Boehner is boasting that the bill is a "non-starter" and "DOA":
This vote will demonstrate that the Reid bill cannot pass the House. This will also expose any Senate vote on the Reid bill as a pointless political exercise that squanders precious time as the specter of a job-crushing default looms.
A pointless political exercise, eh? Unlike, of course, Boehner's mega-kabuki bill in the House that failed earlier this week, right? The bill that Reid said no Democratic senator would support? The one that failed in the Senate last night? Yup. But then, I guess Boehner's failed bill wasn't really pointless. It demonstrated for the whole country just how crazy the teabagger-controlled Republican Party really has become.
Meanwhile, the Senate convenes today at 1 PM ET, with a cloture vote on Reid's debt limit bill set for 1:01 AM ET. It's gonna be a looooooooooong day.
You can watch the debate live on C-SPAN here.
10:06 AM PT: Sen. Reid and Senate Democrats will hold a news conference on the debt limit situation at the Capitol at 3 PM ET.