Senate Majority Leader Mitch McConnell blamed rising federal deficits and debt on a bipartisan unwillingness to contain spending on Medicare, Medicaid, and Social Security, and said he sees little chance of a major deficit reduction deal while Republicans control Congress 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 about the rising deficits and debt. “It's a bipartisan problem: unwillingness to address the real drivers of the debt by doing anything to adjust those programs to the demographics of America in the future.”

McConnell's remarks came a day after the Treasury Department said the U.S. budget deficit grew to $779 billion in Donald Trump's first full fiscal year as president, as a result of the GOP's tax cuts, bipartisan spending increases, and rising interest payments on the national debt. That's a 77 percent increase from the $439 billion deficit in fiscal 2015, when McConnell became majority leader.