Hoyer Discusses the Need to Avert the Sequester on CNBC's "Squawk Box"

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Transcript: 

What we ought to do and what we've proposed and what we're going to propose again this week is to make cuts, to have revenues… do it in a way that will not harm the economy but will get to the fiscal discipline that we need.”

“[Republicans] can put forward a bill that says here are how we're going to cut the $85 billion. They haven't done that. We've been in session now for two months and the Republicans have not put a single bill on the House Floor, which they have sole responsibility for doing, which [has] accomplished the objective, and replaced the sequester. Everybody agrees the sequester is irrational because it cuts the highest priority and the lowest priority the same amount. That doesn't make sense. We all know it doesn't make sense.”

“What we do need, however, is a balanced package, over ten years, big, bold, balanced package. I think that will give extraordinary confidence to the marketplace, and will grow our economy.”