McConnell: 'We look a lot like Greece already'

Senate Republican Leader Mitch McConnellAddison (Mitch) Mitchell McConnellMcConnell expects Paul to return to Senate next week Former Hill staff calls for mandatory harassment training Gaming the odds of any GOP tax bill getting signed into law MORE (Ky.) said Wednesday that the financial state of the U.S. is similar to bankrupt Greece.

Making the case for major spending reductions a day before congressional leaders will meet with President Obama, McConnell said, "We look a lot like Greece already."

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During their weekly press breifing, other Senate Republican leaders lashed out at Obama, questioning his leadership on the debt-ceiling talks.

Sen. John BarrassoJohn Anthony BarrassoThis week: GOP seeks to advance tax overhaul Dissent is democratic: Stop calling McCain, Corker, Flake RINOs The farm bill presents a chance to lighten the regulatory burden of farmers MORE (R-Wyo.) said, "We need a serious discussion and we're not getting it yet."

Senate Minority Whip Jon Kyl (R-Ariz.) pushed back at Democrats' criticism of the GOP's insistence of no tax increases. He said the party's position is not one of "ideological fervor," but instead an effort to foster more jobs.

Pressed on House Majority Leader Eric CantorEric CantorTop Lobbyists 2017: Hired Guns GOP Rep. Jeb Hensarling to retire after end of current term A tyranny of the minority is raising your health care costs MORE's (R-Va.) willingness to look at closing tax loopholes, McConnell noted his support for comprehensive tax reform.

In a nuanced break from Cantor, McConnell said any effort to "cherry pick" tax loopholes as part of the debt-ceiling talks would be "pretty challenging."

McConnell stressed that he and other Republican leaders in the Senate want a long-term deal on the debt ceiling. That remark came days after McConnell and his lieutenants signaled they were open to a short-term agreement.

Obama on Tuesday strongly endorsed a long-term deal.

Senate Majority Leader Harry ReidHarry ReidTop Lobbyists 2017: Grass roots Boehner confronted Reid after criticism from Senate floor GOP in uncharted territory rolling back rules through resolutions MORE (D-Nev.), who usually addresses the media before Senate Republican leaders every week when the upper chamber is in session, did not hold a press conference Wednesday afternoon.