×

GOP's Neugebauer: Why Paul Ryan will be a good speaker

Rep. Randy Neugebauer, R-Texas, said Thursday that Paul Ryan will make a good House speaker because of one quality he possesses.

"He's liked on both sides of the aisle. I think he understands that — as he said [Thursday] — this is a new start," Neugebauer said in a CNBC "Power Lunch" interview. "He talked about getting involvement of all the members, and not just a few members. I think that'll be a message that should resonate on both sides of the aisle."

Ryan was elected as the new House speaker earlier on Thursday, succeeding John Boehner of Ohio. The Wisconsin Republican will take over an unruly House that must deal with a fiscal mess.

The House passed a tentative budget-and-debt deal Wednesday that would lift the debt ceiling until March 2017. The bill now moves to the Senate and would lead to a government default if it does not pass.

Neugebauer said that the deal clearly shows bipartisanship cooperation, but that it is only a stopgap measure.

"This budget ... busted the spending caps, pushed the debt ceiling vote to another 18 months and as long as we keep kicking the can down the road, we're going to keep having these deficits," he said.

The U.S. budget deficit narrowed to $439 billion in fiscal 2015, its lowest since 2008, the Treasury Department said on Oct. 15.

The 2015 deficit fell to 2.5 percent of gross domestic product, the lowest since 2007 and less than the average of the last 40 years. Last year's deficit was $483 billion, with a deficit-to-GDP ratio of 2.8 percent.

— Reuters contributed to this story.