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While it appears the Senate is preparing for vote Tuesday night, nothing has been officially announced so far, as leaders work to educate their rank and file while the legislative text is drafted at a furious pace.

“We need to explain where we are to Senate Republicans, walk through language and make sure they’re comfortable - anytime where there are a few outstanding issues where we are not quite done,” Ueland said.

One major concession Republicans have accepted is a $500 billion credit facility they’re standing up just for the crisis - facilitated by the Treasury Secretary - to help troubled businesses. Leaders are working to implement what one senior administration official called a “three-legged stool” of transparency measures modeled after oversight measures implemented during the Great Recession a decade ago.

“This is an awesome undertaking,” said Sen. Dick Durbin, the No. 2 Democrat in the upper chamber, explaining that the bill will be bigger than the one year’s federal budget for domestic discretionary spending.

“We’re doing it in a matter of days. When it comes to the federal budget, we spend a year, sometimes longer putting it together,” Durbin, D-Ill., said on the Senate floor. “In this case, we are writing a bill of that magnitude in a matter of days because it is a compelling challenge and it should happen.”

McConnell expressed hope that the Senate would successfully vote to move forward on the phase three stimulus bill Tuesday, but again slammed Democrats - warning that time is up.

\"The clock has run out. The buzzer is sounded. The hour for bargaining as though this were business as usual has expired,\" McConnell declared, maintaining his criticism of Democratic proposals which he said included new emissions standards and solar panels.

McConnell urged the Senate to move forward with the bill to ensure American's had secure access to paychecks, and blamed House Speaker Nancy Pelosi for interrupting the Senate's bipartisan talks.

\"PHOTO:
Joshua Roberts/Reuters, POOL
PHOTO: House Speaker Nancy Pelosi makes a statement about the government's response to coronavirus disease (COVID-19) from the Speakers Lobby on Capitol Hill in Washington, March 23, 2020.
>

Pelosi sounded optimistic Tuesday morning about the prospects for the Senate bill, proclaiming there is “real optimism that we could get something done the next few hours.”

“We have unanimous consent, and this can move quickly. If we don't have unanimous consent, my two options with my members is to call them back to vote to amend this bill, or to pass our own bill and go to conference with that,” Pelosi, D-Calif., explained on CNBC’s Squawk Box Tuesday morning.

After a week of delay since the Senate began crafting the third phase of its relief efforts, Pelosi seemed ready to compromise, acknowledging there are ongoing concerns but none are “deal breakers.”

“The easiest way to do it is for us to put aside some of our concerns for another day and get this done,” she said, expressing hope that the lower chamber could approve the Senate deal by unanimous consent and avoid calling hundreds of members back to the Capitol from districts spread out across the country. “I think we are on a good track. I think the Senate Democrats have moved the bill to a place that I say the leverage is more fairly distributed between employers and workers, and that my goal always has been to bring this bill to the floor under unanimous consent, where we're all in agreement.”

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