"There has been a spate of these members of the House of Representatives that have said they would rather see the nation default on its financial obligations than cooperate," he continued. 

To bolster his case, Reid went on to quote Sen. John McCainJohn Sidney McCainDon’t disrespect McCain by torpedoing his clean National Defense Authorization Act Meghan McCain rips Trump's 'gross' line about her dad Trump's America fights back MORE's (R-Ariz.) withering critique of Tea Party Republicans' demand for a balanced-budget amendment as part of a deal.

"He called the radical Republican approach saying 'up is down and denying the sky is blue is unfair and bizzaro —  B-I-Z-Z-A-R-O,' " said Reid. "He further said, 'It's time we listened to the market. It's time we listened to the American people and sit down and seriously negotiate.' "