At 9:30am Tuesday, the Senate will convene and begin consideration of the House message to accompany S.365, the Budget Control Act of 2011. This is the bill that passed the House today.
The House took an existing Senate bill that had been referred to a House committee and added the Budget Control Act as a substitute amendment. This means that the amendment strikes everything in the original bill and inserts the language of the debt ceiling deal (the original bill was Senator Tom Harkin's bill to make a technical amendment to the Education Sciences Reform Act of 2002. Therefore, the Senate's task will simply be to concur in the amendment.
The Senate should have more than enough votes to concur with the House. No votes may come from Tea Party Senators like Rand Paul, Mike Lee, Jim DeMint, and others - but the broad majority of the Democrats and Republicans will vote for the bill. Senator Bernie Sanders (I-VT) may also vote against the bill.
We'll have more updates as time limits are set and the Senate votes on the substitute.