Rep. Price named Budget vice chairman

Conservative Rep. Tom Price (R-Ga.) has been named vice chairman of the House Budget Committee, a post that makes him an influential deputy to the party’s budget chief, Rep. Paul RyanPaul RyanOvernight Finance: Congress poised to avoid shutdown | Yellen defends Fed from Trump | Why Obama needs PhRMA on trade Overnight Healthcare: Zika funding nears finish line | House expected to approve spending bill tonight | New pledge to push medical cures bill House passes waterways bill with Flint aid MORE (R-Wis.).

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The spot provides a soft landing for Price after he fell short in his bid to become House Republican Conference chairman. Last month, he lost a close race to Rep. Cathy McMorris RodgersCathy McMorris RodgersMcCarthy suggests GOP could gain House seats in election Ivanka sells Trump childcare to Capitol Hill Ivanka Trump to meet with lawmakers on Capitol Hill MORE (R-Wash.). Price had served in a leadership post as chairman of the House Republican Policy Committee for the last two years.

“It will be a privilege to work with Chairman Paul Ryan and the fellow members of the committee during the 113th Congress to help correct the fiscal course of our nation,” Price said in a statement announcing the move. 

“We face a very serious and growing debt crisis, and the current spending habits in Washington are simply unsustainable. This requires that we do what is necessary to balance our budget and pay down our national debt while helping to encourage economic growth through common sense tax reform.”

Price, a former chairman of the conservative Republican Study Committee, won Ryan’s support in the race for conference chair. The move to a top spot on the budget panel could position him to replace Ryan as the chairman in two years.

Ryan last month earned a rare waiver to serve a fourth term as the committee’s top Republican after serving as Mitt Romney’s vice presidential running mate during the 2012 campaign. Ryan is widely believed to be eyeing the chairmanship of the House Ways and Means Committee in 2014. He is also seen as a front-runner for the GOP’s presidential nomination in 2016.

Earlier this month, an article in the National Review floated Price’s name as a possible challenger to Speaker John BoehnerJohn Boehner3 ways the next president can succeed on immigration reform Republican Study Committee elders back Harris for chairman Dems to GOP: Help us fix ObamaCare MORE (R-Ohio), but Price quickly issued a statement saying he was not running for the Speakership.