It's Shaping Up To Be A Huge Day For The Government Shutdown And Debt Ceiling

House Republicans are meeting in a closed-door session Tuesday morning, where they will outline their strategy for both of the budget battles. At a 10 a.m. press conference, House GOP leadership will brief reporters about the plan of action.

For now, National Journal's Tim Alberta reports that House Republicans will look to separate the two fights, possibly looking to pass a one-month debt-ceiling hike and keep passing individual funding bills to keep different parts of the government open.

Separately, Senate Democrats could also introduce a bill that would permit a "clean" hike on the debt ceiling, though specifics are still unknown at this point. But according to aides, it would not contain any policy riders and likely raise the nation's borrowing limit through the 2014 election.

The House and Senate are both in session at 10 a.m.