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McCain: ‘Draconian measures’ necessary to prevent fiscal crisis

Sen. John McCainJohn McCainSenate votes to elevate Cyber Command in military Senate sends annual defense bill to Obama's desk Trump really can't do much to reduce tensions with Putin's Russia MORE (R-Ariz.) argued critics of the recent spending cuts agreed to by both parties in Congress are ignoring the dire fiscal path he said the U.S. is currently on.

McCain said a fiscal meltdown is likely unless "draconian measures" are taken, and that only the “most liberal” economists don't agree the nation's current fiscal trajectory is unsustainable.

The remarks came during a press conference on commercial privacy Tuesday on the Hill. McCain and Sen. John KerryJohn KerryDepleted Dems look to Senate for 2020 nominee Voters want to drain the swamp? They can start with Louisiana GOP As Congress adjusts to Trump, Iran put under the pressure it deserves MORE (D-Mass.) both answered a question on the budget deal reached this weekend, with Kerry expressing dissatisfaction with the process through which the accord was reached.

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Kerry argued cuts to infrastructure projects like railroads or research funding would undermine the nation's ability to compete in the global economy. He argued Congress had managed to balance the budget in the 1990s without undermining the building blocks of future success and innovation.