Rep. Paul Ryan said Thursday that House Republicans may seek a quick, short-term extension of the government's debt limit, a move that would avoid an immediate default by the Treasury as the party seeks to maximize leverage in negotiations over spending cuts with President Barack Obama this spring.
"All options are on the table as far as we're concerned," the 2012 GOP vice presidential candidate said at a news conference during a three-day retreat of the rank and file. He said private discussions focused on how best to "achieve progress on controlling our deficits and controlling our debt."
Ryan, who is chairman of the House Budget Committee, declined to say how long an extension of the government's borrowing authority is under consideration, or what conditions might be attached. Obama has said repeatedly that he favors additional deficit savings yet he will not negotiate spending cuts as part of an agreement to raise the current $16.4 trillion debt limit. Some Republicans have suggested they may seek unspecified reforms rather than reductions.
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