Senate Minority Leader Mitch McConnell (R-Ky.) on Sunday said Republicans will demand steep spending cuts during the next round of budget negotiations.
McConnell, in an interview with ABC’s “This Week,” said President Obama had won all he’s going to get on taxes in last week’s agreement to extend the Bush-era tax rates for most taxpayers.
“The tax issue is, finished, over, completed. That’s behind us now. The question is: what are we going to do about the biggest problem confronting us and our future,” McConnell said.
McConnell said the next round of negotiations over a deal to raise the debt-ceiling would need to include Democratic concessions on spending.
President Obama in his weekly address Saturday warned Republicans that a protracted fight over the debt-limit could have disastrous effects on the economy and said he wanted the borrowing limit raised and issues on spending and entitlements resolved separately.