The House Budget Committee, which Ryan chairs, said in a statement
that it has scheduled a vote on a budget resolution on Wednesday.
Under House rules, the document must be made public at least 24
hours before it can be considered by a committee.
Ryan has revealed no details of his plan, but Republican leaders in
the House of Representatives have said it would achieve balance
within 10 years, as Ryan's budget plan proposed last year. It is
widely expected to contain many elements of his past budgets,
including deep cuts to social safety net programs such as Medicaid
health care for the poor and food stamps.
The task of eliminating deficits within a decade, however, is
expected to be more difficult this year because of slower economic
growth forecasts from the Congressional Budget Office, which predict
$1.4 trillion less in tax revenue collections over a decade compared
to forecasts made a year ago. Many Republicans are also clamoring
for increased defense spending in the wake of the Ukraine crisis.
If passed by the Republican-controlled House, Ryan's budget would
face certain death in the Democratic-controlled Senate, relegating
it to service as a campaign talking-point for November's
[to top of second column]
But even in a divided House Republican caucus, the desire to shrink
government spending and the $17.5 trillion national debt remains
strong and is viewed as a key differentiator that can help
Republicans gain ground against Democrats.
Democrats, however, view the Ryan budget as a rich source of
material for attack ads against Republicans focusing on the painful
spending cuts that they would have to make to balance the budget in
(Reporting by David Lawder; editing by Andrea Ricci)
[© 2014 Thomson Reuters. All rights
Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.