RYAN: WILL RAISE DEBT CEILING IN RETURN FOR SPENDING CUTS

NYTIMES:

The incoming budget chief in the House of Representatives on Wednesday said he will demand spending concessions from the Obama administration in exchange for any increase in the national debt ceiling.

Representative Paul Ryan of Wisconsin, who is about to take over the House Budget Committee as its new Republican chairman, also said in television interviews that the Republicans' $100 billion target for spending cuts this year has been "compromised" by federal spending already under way.

"I'm not interested in raising the debt ceiling on the hope that a promise will be fulfilled at a later time," Ryan told MSNBC's "Morning Joe."

"I'm only interested in raising the debt ceiling if we get concessions on spending, on real controls to get our fiscal situation turned around and headed in the right direction."

GOOD.