Senate Minority Leader Mitch McConnell (R-Ky.) responded to President Obama even before Monday’s news conference had ended, saying in a statement that “the president and his allies need to get serious about spending, and the debt-limit debate is the perfect time for it.”

“I do know that the most important issue confronting the future of our country is our deficit and debt. So we are hoping for a new seriousness on the part of the President with regard to the single biggest issue confronting the country and we look forward to working with him to do something about this huge, huge problem,” McConnell said.