GOP releases text of Ryan budget resolution

The Wisconsin Republican has defended it by saying it balances the federal budget in 10 years, doing so not by cutting but by slowing the rate of growth in federal spending. The budget allows federal spending to increase 3.4 percent over 10 years, rather than the 5.3 percent rate of growth assumed by the Congressional Budget Office.

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The House Rules Committee will meet late next Monday to approve a rule for the resolution, and Republicans are hoping to pass it next week.

As of Thursday, the resolution had no number.