Hoyer said the two parties are close to an agreement, as Democrats have indicated a willingness to cut $70 billion from Obama's proposed FY 2011 budget, $30 billion short of GOP demands for a $100 billion cut.

"Americans are surely thinking, there is clear room to come to an agreement, and keep the world's largest enterprise, the U.S. government, from being funded on a sporadic, uncertainty-creating two-week or three-week increment," he said.

He added that he does not think H.R. 1, the House-passed FY 2011 spending bill, represents American values.

"Cutting 200,000 children from Head Start is not, I believe, a value we ought to support," he said. "Adversely affecting nine million young people's ability to go to college ... is not one of those values either."