Rep. Paul Ryan, R-Wis., will be granted a waiver to continue serving as House Budget Committee chairman.
Ryan, fresh off his unsuccessful vice presidential bid, will not be forced in the next session to relinquish the committee's gavel because of term limits, according to a senior House GOP source.
The granting of such waivers from internal House GOP rules is rare, but it does occur from time to time. The party's term limit is six consecutive years in either a chairman's or ranking member's seat, regardless of whether majority control of the chamber shifts.
As Budget Committee chair, Ryan already is part of Speaker John Boehner's fiscal cliff "working group." That group, which will convene daily as Congress is in session during the lame duck, includes the GOP heads of three relevant committees.
The other two are Ways and Means Chairman Dave Camp of Michigan and Energy and Commerce Chairman Fred Upton of Michigan.