Photograph by Win McNamee/Getty Images
Rep. Paul Ryan, center, Chairman of the House Budget Committee, joins with other members of the committee as he arrives for a press conference at the Capitol where he unveiled his budget plan on March 12, 2013 in Washington.
That’s how much House Budget Committee Chairman Paul Ryan would cut out of federal spending over the next 10 years.
Ryan, a Wisconsin Republican who was his party’s vice presidential nominee in 2012, introduced a proposal yesterday that he said would balance the budget in 2023 by reducing the annual rate of spending growth to 3.4 percent from 5 percent without tax hikes.
Bloomberg’s Brian Faler has more here about Ryan’s budget, which drew criticism from Democrats who control the Senate.
President Barack Obama will release his fiscal 2014 budget the week of April 8, more than two months late, Bloomberg’s Roger Runningen reports.
