Paul Ryan wants narrower focus for new budget talks

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U.S. Representative Ryan smiles and talks with fellow House Republicans at the Republican National Committee offices in WashingtonBy David Lawder WASHINGTON (Reuters) – A new round of U.S. budget negotiations starting next week should focus more narrowly on replacing automatic spending cuts rather than an elusive "grand bargain," House Budget Committee Chairman Paul Ryan said on Thursday. Ryan told Reuters in an interview that simply maintaining the automatic "sequester" cuts was the fallback position for Republicans if Democrats do not agree to substitute longer-term savings on expensive federal benefits programs. "We have spending cuts coming. …

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