Hoyer Statement on President Obama's Upcoming Speech on Deficit Reduction

"I'm pleased President Obama will be giving a speech this week to lay out a path of action to seriously address our nation's deficit. I strongly believe that reducing the deficit is critical to ensuring the long-term strength of our economy. Entitlement reform must be part of that effort, to ensure that Social Security, Medicare, and Medicaid are protected for seniors and working families, as well as strong for generations to come. This can only be done in a bipartisan way, and I hope Republicans work with us and put all options on the table. I support President Obama's focus on this issue, and stand ready to work with him."