"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 McCainGI Bill 2017: Investing in the future of the Republic Five takeaways from ObamaCare repeal’s collapse Trump on healthcare: 'It's going to be fine' 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.' "