McConnell: Budget solution 'unattainable' while Obama in White House

Senate Minority Leader Mitch McConnell (R-Ky.) on Tuesday said despite early hopes of striking a "grand bargain" on debt reduction he has now concluded it is impossible to find a real solution while President Obama remains in the White House.

"After years of discussions and months of negotiations, I have little question that as long as this president is in the Oval Office, a real solution is unattainable," said McConnell. "Our hopes for a grand bargain eventually ran into the bitter reality that this administration is just not interested in a meaningful and lasting solution to our mounting debt," he said.