Congress may be working overtime this weekend as the clock ticks ever closer to the deadline for reaching a deal to raise the country’s debt ceiling.
House Majority Leader Eric Cantor’s (R-Va.) office announced Tuesday that the chamber may be in session on Saturday and Sunday. The memo from the No. 2 House Republican comes one day after Senate Majority Leader Harry Reid (D-Nev.) announced that the Senate would be in session over the weekend in light of the ongoing debt-limit talks.
“Members are advised that a weekend legislative session is now possible, including Saturday, July 23, and Sunday, July 24,” the memo from Cantor’s office reads. “As soon as a more definitive schedule is known, it will be relayed immediately to Members and offices.”
The memo also advises members that “the House is expected to be in legislative session during every remaining available business day over the next two weeks, including Friday, July 29, and Monday, August 1, if needed. This is a change from the previously announced schedule.”
The House was previously scheduled to be in recess this week, but House Republican leaders scrapped the chamber’s schedule as it became apparent that the debt talks would go down to the wire.
Treasury officials have said that Congress must raise the federal borrowing limit by Aug. 2 or else the country will default on its debt obligations. President Obama on Tuesday hailed a proposal by a bipartisan “Gang of Six” senators as “a very significant step,” but it remains unclear whether the plan might be enough to break the stalemate over raising the $14.3 trillion debt ceiling.