Ryan Stokes Budget Battle with New 'Blueprint'

Excerpt from an article in

The Hill.com

Ryan stokes budget battle with new ‘blueprint’ 
By Peter Schroeder

A fresh budget proposal this week from House Budget Committee Chairman Paul Ryan (R-Wis.) will usher in another round of fighting over the federal pocketbook.

Ryan is expected to announce his “Blueprint for American Renewal” on Tuesday at the American Enterprise Institute. His budget panel is expected to follow that up with a markup of the package Wednesday.

The Republican proposal will be met with a barrage of Democratic attacks if, as expected, it sets a lower spending cap than agreed to as part of the summer’s debt-limit deal. House GOP leaders are selling a $1.028 trillion spending cap to their members, down from the $1.047 trillion deal hammered out last summer. Some conservatives are pushing for even stricter limits.

In the Senate, lawmakers will continue work on a bill aimed at making it easier for startup companies to raise capital. But some Democrats have aired concerns that the bill does that by rolling back key investor protections, and are pushing to strengthen that aspect of the bill before advancing it.

Elsewhere on Capitol Hill, the European debt crisis will be a hot topic, just days after the International Monetary Fund signed off on its $37 billion contribution to a broad bailout package for Greece. On Tuesday, Treasury Secretary Timothy Geithner will visit the House Financial Services Committee to discuss the state of international finance, and the House Oversight and Government Reform Committee is devoting a Wednesday morning hearing to Europe’s debt woes.