Before Speaker John Boehner hands over his gavel to Rep. Paul Ryan (R-WI), as expected later this week, he's offering the current Ways and Means chair an enormous gift: a big, almost-miraculous fiscal deal that takes off of the table most of the contentious issues facing Congress between now and the 2016 election.
According to initial reports, the emerging deal includes a hike to the debt limit, a two-year funding bill and even a re-balancing of the Social Security disability trust fund, which was expected to dry up next year. Additionally, short-term transportation legislation giving lawmakers a few more weeks to finish a multi-year bill is also moving forward. If those deals can make it through Congress as planned in the next few days, the initial months of Ryan’s presumed speakership will be a cake walk compared to the high-stakes deadlines he was previously facing.
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