Senate Majority Leader Mitch McConnell blamed rising federaldeficits and debt on a bipartisan unwillingness to contain spendingon Medicare, Medicaid, and Social Security, and said he sees littlechance of a major deficit reduction deal while Republicans controlCongress and the White House.

“It's disappointing, but it's not a Republican problem,”McConnell said Tuesday in an interview with Bloomberg News when asked aboutthe rising deficits and debt. “It's a bipartisan problem:unwillingness to address the real drivers of the debt by doinganything to adjust those programs to the demographics of America inthe future.”

McConnell's remarks came a day after the Treasury Departmentsaid the U.S. budget deficit grew to $779 billion in Donald Trump'sfirst full fiscal year as president, as a result of the GOP's taxcuts, bipartisan spending increases, and rising interest paymentson the national debt. That's a 77 percent increase from the $439billion deficit in fiscal 2015, when McConnell became majorityleader.

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