The bill, which the House passed 234-190 Tuesday, is expected to go before the Senate this weekend.

"The Democrats are threatening a filibuster, but all we are asking for is debate and amendments,” the South Carolina Republican said Thursday on Fox News. “It`s the only bill here that has a chance to pass before the August Second deadline. The president has not given us a bill. The Democrats in the Senate have not.

Read more on Newsmax.com: DeMint: Cut, Cap, Balance Would Let People Decide