The House-passed spending bill for the remainder of the fiscal year gets its chance in the Senate Tuesday afternoon. The measure, which cuts $58 billion from current funding levels, is expected to fall short of the 60-votes needed to move forward.
The Senate may also hold a similar vote on a proposal from Democrats that would only cut $4.7 billion. That vote should come up shy of the 60-vote threshold as well.
After all that... House and Senate leaders will have to go back to the negotiating table. Since a path forward on a long-term solution is unclear, lawmakers will probably have to pass another stopgap spending bill to keep the government running after March 18.
Looking at the nation's long-term debt and deficit issues, the Senate Budget Committee hears from the Co-Chairs of President Obama's Fiscal Commission, Erskine Bowles and Alan Simpson at 10:00 a.m. ET. The commission prepared a plan to cut the federal budget deficit by $3.9 trillion over ten years in December, but the group failed to approve of the budget blueprint by a large enough margin to force a vote in Congress. Despite that setback, Bowles and Simpson will launch the "Moment of Truth" project to "foster honest discussion about the nation's fiscal challenges," at a 2:00 p.m. ET Capitol Hill news conference.
The Senate does look set to pass one bill Tuesday. Members voted to limit debate on an overhaul of the nation's patent laws Monday, setting up a vote on final passage Tuesday. The bill would alter the way patents are awarded, with legal recognition going to the first party to file an application, rather than the first person to prove he or she had invented something.
We'll be following all these stories and more, so be sure to stay with Fox News for all the latest.