House Budget Committee Chairman Paul Ryan (R-Wis.) defended the fiscal deal he crafted with Senate counterpart Patty Murray (D-Wash.) against criticism from Republicans who say he sacrificed the sequester's automatic spending cuts for the sake of a bargain.

"We’re not busting sequester caps," Ryan said on "Fox News Sunday." "In just the next two years, 70 percent of the sequester is intact. Ninety-two percent of the sequester over the life of the sequester is intact. The Democrats came into this thing saying ‘get rid of the entire sequester.’"

The congressman also noted that the deal would enact permanent spending cuts in exchange for lifting some of the temporary sequester reductions.