In the event that Congress is unable to finalize a spending bill for the remainder of fiscal 2011 before the March 4 deadline, Rep. Paul Ryan said Sunday that he would be willing to consider a short-term continuing resolution to avoid a government shutdown.
“I think that’s a very viable possibility: a short-term extension while we work out a compromise,” the Wisconsin Republican said on “Fox News Sunday.”
Speaker John Boehner would only say that a shutdown is not Republicans’ goal when he was asked Sunday on NBC’s “Meet the Press” about whether he would rule out the possibility.
“Our goal here is to reduce spending. Our goal is not to shut down the government. ... I would hope that the Senate and the White House heard the same thing I heard from the American people in last November’s election: It’s time to cut spending,” the Ohio Republican said.
House Republicans introduced their fiscal 2011 spending bill Friday night, and the chamber is expected to vote on it this week. The measure would cut discretionary spending by $58 billion compared with fiscal 2010 spending. That amount is $26 billion more in cuts than the House GOP leadership had originally sought, but conservative Members had insisted on the steeper reductions to make good on campaign promises from the 2010 cycle.
“How great is this debate we’re having Congress? A year ago, Congress was debating about how much more spending to increase. Now we’re debating about how much more spending to cut,” said Ryan, who is the chairman of the House Budget Committee.
“I am not worried about Washington cutting too much spending too fast. ... What I’m concerned about is endless borrowing, which is going to compromise our economy,” he said earlier in the program.
President Barack Obama is scheduled to release his fiscal 2012 budget request Monday. Ryan said he wanted to reserve judgment until he can review the request but said it sounds “similar [to the] budgets that he’s been giving us the last couple of years.”
“We’ll see the details of this budget tomorrow, but it looks like to me that it’s going to be very small on spending discipline and a lot of new spending so-called investments. ... If he’s talking about coming and having new spending, so-called investments, that’s not where we’re going.”
Jacob Lew, the director of the Office of Management and Budget, said Sunday on CNN’s “State of the Union” that the president’s request would save $1.1 trillion over the next 10 years.
On January 3, Sen. Kirsten Gillibrand, D-N.Y., raises her right hand as her son Henry messes up her hair while Vice President Joseph R. Biden Jr., delivers the ceremonial swearing-in in the Old Senate Chamber. Gillibrand's other son Theodore, lower right, looks on.
Each year since 1990, CQ Roll Call has reviewed the financial disclosures of all 541 senators, representatives and delegates to determine the 50 richest members of Congress. This year's report, derived from forms covering the calendar year 2012, shows it took a net worth of $6.67 million to crack the exclusive club.