Coburn pessimistic on 'Gang of Six' budget talks

May 17, 2011 - 3:58 PM

WASHINGTON (AP) — A member of a bipartisan "Gang of Six" senators says the group is unlikely to reach agreement on a plan to cut the deficit by $4 trillion over the next decade through a mix of new tax revenues and cuts across a wide swath of the federal budget.

Sen. Tom Coburn says chances of the group reaching agreement after months of negotiations are "not good."

The Oklahoma Republican was a member of President Barack Obama's fiscal commission and he voted for the panel's plan in December. The group has been closely watched by those hoping for a bipartisan deficit-cutting plan that might gain momentum despite the partisanship consuming Capitol Hill.

Sen. Dick Durbin of Illinois, a member of the group, said that it met Tuesday and will meet again Wednesday.