House Democrats, meanwhile, are expected to unveil healthcare reform legislation later today. On Monday, President Obama reportedly told Senate leaders he expects their version of a bill before the end of the week. Speaking at the White House, Obama vowed to pursue his healthcare agenda.

President Obama: “We are going to get this done. Inaction is not an option. And for those naysayers and cynics who think that this is not going to happen, don’t bet against us. We are going to make this thing happen.”

Obama is hoping to pass a healthcare bill before the congressional recess next month.