House Budget Committee Chairman Paul Ryan said on Wednesday he will unveil a "no surprises" Republican budget next week that reaches balance in 10 years with only modestly deeper spending cuts than those he proposed a year ago.
The conservative budget blueprint will retain tax increases on the wealthy that were approved in the January 1 deal to resolve the "fiscal cliff," said House Budget Committee aides.
The plan also will make adjustments for an expected decline in war spending, a move that could shave up to $600 billion from expenditures over the next decade.
"So I wouldn't expect big surprises from us next week," Ryan told reporters. "We're making some additional modest changes to get to balance."
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