(CNN) - Sen. Lindsey Graham, R-South Carolina, said Monday that the forced spending cuts would take effect Friday since a big deal between the White House and Congressional Republicans on slashing the federal deficit now seems impossible.
"I think the only way out is a big deal," Graham said on CNN's "The Situation Room." "Republicans are not going to raise revenue to pay for sequestration. And I don’t really believe that we can do anything in the short term."
Later, he predicted that "Sequestration is going to happen. Hopefully the pressure from sequestration will wake us up to the big deal. We don’t need new taxes to run the government, we need new taxes to get out of debt."
Graham also discussed his meeting Tuesday with President Barack Obama on immigration. Sen. John McCain, another Republican, will also attend.
"Now is the time to grow up," Graham said of the hot-button topic. "Both parties need to grow up."