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McConnell: 'No evidence' House will act on sequester before deadline

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“It is pretty clear to me that the sequester is going to go into effect,” McConnell said.

“I see no evidence that the House plans to deal with this matter before the end of the month. As you indicated, the majority is going to offer a proposal. I anticipate that we will have an alternative proposal. That however doesn’t lead to a solution, that just leads to a couple of votes,” he added.

McConnell was reacting to an announcement by Senate Majority Leader Harry Reid (D-Nev.) Tuesday that Democrats would unveil a sequester replacement by the end of this week for votes in the final hours before the March 1 sequester deadline.

Reid told reporters the Democratic bill will be half spending cuts and half tax increases.

Read more on The Hill's On The Money Blog.