News

March 13, 2013

Ryan Sees Caps on Defense Spending

WASHINGTON—Rep. Paul Ryan proposed a Republican budget blueprint Tuesday that included caps on defense spending, a shift for his party that could provide a point of compromise with Democrats.

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Rep. Paul Ryan talks about GOP House budget proposal. Also, reactions to the court striking down Mayor Michael Bloomberg’s soda ban, drilling on the decline on federal lands under President Obama, and is this the start of a second Korean war?

The House Budget Committee chairman's proposal marks a significant reversal for the GOP since just last fall. Mitt Romney, the party's 2012 presidential nominee, who made Mr. Ryan his running mate, campaigned on a plan to markedly increase the Pentagon budget, saying it should represent no less than 4% of gross domestic product.

Read the Full Story Here: WSJ