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House Budget Committee Chairman Rep. Paul Ryan, R-Wis., right, greets Congressional Budget Office (CBO) Director Douglas Elmendorf on Capitol Hill in Washington, Wednesday, Feb. 5, 2014, prior to Elmendorf testifying before the committee's hearing on the CBO budget and economic outlook. (AP Photo/J. Scott Applewhite)

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Rep. Paul Ryan, Wisconsin Republican, exits the room at the Capitol where he and other House GOP leaders met Wednesday to discuss the looming “fiscal cliff.” Amid changes of committee chairmanships, Mr. Ryan retains the Budget Committee gavel. (Barbara L. Salisbury/The Washington Times)

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Rep. Paul Ryan, Wisconsin Republican, exits the room at the Capitol where he and other House GOP leaders met Wednesday to discuss the looming “fiscal cliff.” Amid changes of committee chairmanships, Mr. Ryan retains the Budget Committee gavel. (Barbara L. Salisbury/The Washington Times)

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"I know this is sort of geeky stuff, but the hard reality is that the amount of time it takes to put together these plans is really daunting. This takes weeks and weeks and months and months of effort, and that's why I think it's important to begin." - Budget Committee Chairman Kent Conrad, North Dakota Democrat

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House Budget Committee Chairman Rep. Paul Ryan (left), Wisconsin Republican, and the committee's ranking Democrat, Rep. Chris Van Hollen of Maryland, are still divided on budget cuts. (Associated Press)