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Corker: New Congress Needs To Be About Entitlement Reform

On CNBC's "Squawk Box" today, Senator Corker expressed disappointment in the failure of a fiscal cliff agreement to reduce spending, saying the first quarter of the 113th Congress needs to be about one thing: entitlement reform, encouraging passage of his dollar-for-dollar legislation that would reduce the growth of spending on Medicare, Medicaid and Social Security by nearly $1 trillion in order to improve the programs' solvency. In exchange, Congress would approve the president's expected request for a $1 trillion increase in the debt ceiling.

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