Close followers of the health care reform debate in Congress may want to keep their eyes glued to the TV at 3:15 p.m. today, when Senate Majority Leader Harry Reid (D-Nev.) is scheduled to make an announcement regarding Senate legislation.

The Reid press conference comes as he, Sen. Max Baucus (D-Mont.), Sen. Chris Dodd (D-Conn.), and senior White House advisers are completing negotiations on merging the two health care bills that have passed out of separate committees. A scoring from the Congressional Budget Office is expected this week, though Reid's press conference will provide further details on exactly where in the legislative process health care reform is, and perhaps what the merged bill will look like.