The Tea Party-backed senator said "on balance the good outweighs the bad."
On The Money
Deal could let Senate Dems avoid having to vote on a budget in the midterm election year.
Process begun Sunday allows debate on budget and NDAA before holiday.
The deal includes no new revenue from ending tax breaks, giving reformers free reign.
“We will need about eight Republicans to come our way," he said.
The Republican said he was “hopeful” about moving tax reform in the first quarter of 2014.
Ryan's comments indicate a fiscal ceasefire may not last long.
The American Petroleum Institute and more than a dozen other groups say that Senate Finance Chairman Max Baucus’s recent draft discussion would hurt their abilities to recover costs and invest in the economy.
Visa and MasterCard won a years-long court battle on Friday with the approval of a $5.7 billion settlement over credit card swipe fees.
Merchants, who filed the lawsuit in 2005, have argued that the swipe fees were improperly fixed by the card companies and that the settlement gave them no ability to put up a legal fight in the future.
JetBlue Airlines announced the appointment of a new president this week, tapping its current Vice President and Chief Commercial Officer Robyn Hayes for the post.
Hayes is taking over the helm of the airline from Dave Berger, who had been simultaneously serving as president and chief operating officer of the company.