The measure will provide that if either chamber fails to adopt a budget by April 15, members of Congress would not be paid.
"We will raise the debt ceiling. We're not going to default on our debt," the Republican whip said.
Republican leaders in Congress have drawn a hard line that spending cuts are essential to any legislative deal to raise the debt ceiling.
Before President Obama's 11:30 a.m press conference to urge Congress to raise the debt limit, the Factchecker explains how we got here.
Overall, 44 percent of all registered voters say they approve of the "fiscal cliff" deal, stuck on New Year’s day, with about as many — 42 percent — disapproving. More than one in eight voters express no opinion on the subject.
The sequester put in place last year was supposed to be so unpalatable that both parties would have to come to an agreement. But House Speaker John Boehner (R-Ohio) tells the Wall Street Journal that, now that tax increases are dealt with, the defense cuts in the deal don't scare him.