McConnell Expects Senate To Complete Debt Deal Wednesday (VIDEO)

Senate Minority Leader Mitch McConnell, R-Ky., and GOP leaders talk to reporters after defeating a $54 billion funding bill for transportation, housing and community development grants because it exceeded the punishi... Senate Minority Leader Mitch McConnell, R-Ky., and GOP leaders talk to reporters after defeating a $54 billion funding bill for transportation, housing and community development grants because it exceeded the punishing spending limits required under automatic budget cuts that are the product of Washington's failure to deal with its fiscal problems, at the Capitol in Washington, Thursday, Aug. 1, 2013. Congress leaves for a five week recess Friday. (AP Photo/J. Scott Applewhite) MORE LESS
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Senate Minority Leader Mitch McConnell (R-KY) announced a new plan to reopen the government and raise the debt ceiling Wednesday on the Senate floor.

“It’s my hope that today we can put some of those most urgent issues behind us,” McConnell said. “After yesterday’s events the Majority Leader and I began a series of conversations about a way to get the government reopened and to prevent default. I’m confident we’ll be able to do both those things later today.”

McConnell added that he hoped that the government would be funded at sequester spending levels.

“I’m also confident that we’ll be able to announce we’re broking the government spending reductions that both parties agreed to under the Budget Control Act,” he said.

McConnell concluded by saying that the GOP fight to defund the health care law is not over, but for today he is focused on funding the government.

“For today, the relief we hope for is to reopen the government, avoid default and protect the historic cuts we achieved under the Budget Control Act.,” McConnell said. “This is far less than many of us had hoped for, frankly. But it’s far better than what some had sought. Now it’s time for Republicans to unite behind other crucial goals.”

Watch below:

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