House Minority Whip Steny Hoyer (D-Md.) spoke on MSNBC's "Morning Joe" on the deficit and debt-ceiling debates. Hoyer said he would have preferred a "grand bargain."

He accused Republicans of making a large deal impossible by not accepting any revenue increases, and lamented the lack of support for Reid's Senate proposal and the difficulties of gaining Republican support BoehnerJohn BoehnerSudan sanctions spur intense lobbying OPINION | GOP's 7-year ObamaCare blood oath ends in failure A simple fix to encourage bipartisanship in the House MORE's plan.

Hoyer said Reid's plan included "exactly" what Boehner said had he wanted. He emphasized that no deal will be perfect, but one must be reached to avoid default.

"The House bill, which goes in stages, which continues to roil the financial markets, which continues to create uncertainly in the markets, doesn't have the support of Republicans and certainly doesn't have the support of Democrats."

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