Economy

Deficit hawk pans newly-minted budget deal on Hill

By Associated Press
Published December 11, 2013 5:00am ET
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Deficit hawk pans newly-minted budget deal on Hill
FILE - This Oct. 17, 2013 file photo shows House Budget Committee Chairman Rep. Paul Ryan, R-Wis., left, and Senate Budget Committee Chair Patty Murray, D-Wash., on Capitol Hill in Washington. Bipartisan budget negotiators are working toward a modest budget agreement to replace tens of billions of dollars in spending cuts this year and next with longer-term savings and revenue from increased fees. Ryan and Murray are hopeful of striking an agreement as early as Tuesday afternoon. (AP Photo/ Scott Applewhite, File) | J. Scott Applewhite

A leading congressional deficit hawk says a bipartisan budget agreement hammered out on Capitol Hill is mostly a patch-work approach that fails to address wasteful spending that is contributing to a ballooning federal debt.

Republican Sen. Tom Coburn of Oklahoma says the accord announced by GOP Rep. Paul Ryan of Wisconsin and Democratic Sen. Patty Murray of Washington state likely was the best that could be achieved, but says he can’t support it.

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Associated Press Budgets and Deficits Congress Spending Tom Coburn