House Passes Ryan Budget

    WASHINGTON, DC - FEBRUARY 05:  House Budget Committee Chairman Paul Ryan (R-WI) questions Congressional Budget Office Director Douglas Elmendorf during a hearing in the Cannon House Office Building on Capitol Hill February 5, 2014 in Washington, DC. Committee members questioned Elmendorf about the latest projections by the CBO, which says the Affordable Care Act, or Obamacare, will affect supply and demand for labor, leading to a net reduction of about 2.5 million full-time jobs by 2024.  (Photo by Chip Somodevilla/Getty Images)

    Chip Somodevilla/Getty

    On a slim party-line vote of 219 to 205, House Republicans managed to pass the new budget plan from former vice presidential candidate Paul Ryan on Thursday. The plan, which Ryan promises will balance the budget in 10 years, would cut social programs, grants for college students, as well as spending on research and infrastructure. It contains no increases in tax revenue. In all, 193 Democrats and 12 Republicans voted against the budget, which is widely seen as more of a campaign document.

    Read it at Reuters