| Rep. Paul Ryan, R-Wis., was officially named the chairman of the House Ways and Means Committee on Tuesday for the incoming Congress. Self-imposed House rules will allow for Ryan to remain chair for up to six years, which could mean Ryan will design comprehensive tax reform during the next presidents first term.
| Paul Ryan was No. 2 on the Republicans' presidential ballot in 2012, and the Wisconsin congressman is thinking about whether he'll try to move to the top of his party's ticket in 2016. When asked on Sunday about the possibility of running, Ryan said he and his family will "take very seriously and weigh" the decision next year. Ryan tells CBS' "Face the Nation" his new book is designed to unify conservatives about tackling the nation's most critical problems.
| House Budget Committee Chairman Paul Ryan (R-Wisconsin) presented a new budget proposal Tuesday which would cut $5.1 trillion in government spending. "We do proposal to repeal Obamacare in this because Obamacare increased the eligibility of Medicare by about 33 percent," Ryan told Bloomberg Friday.