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Paul Ryan Pens Op-Ed, And New Path Forward

As Congress looks for a way out of the current crisis, many Republicans are hoping for a big budget initiative to make worthwhile the pain of a government shut down and threatened debt default. Toward that end, House Budget Committee chairman and former GOP vice presidential nominee Paul Ryan floated a plan in Wednesday's Wall Street Journal. He makes the case for President Obama to negotiate with House Republicans on a deal to end the government shutdown and raise the debt ceiling. Ryan focused on the need to reform the tax code and make cuts to entitlement programs like Medicare, and cited a history of debt ceiling compromises between Republicans and Democrats.