Staring into the abyss of the fiscal cliff deadline, U.S. Rep. Michele Bachmann introduced legislation Monday that would rescind the portion of President Obama's executive order that gives members of Congress a pay raise.

"At a time when families across the country are cutting back we should not increase government spending and add to the debt burden by giving members of Congress a pay raise," the Minnesota Republican said.

The announcement came as House leaders indicated they would not have a budget deal done by the midnight deadline, plunging the nation off the fiscal cliff.