BOSTON (November 7, 2012)--Paul Ryan said Wednesday that he will be seated when the new House convenes in January, but first he says he's looking forward to spending some time with his family before resuming his responsibilities as House Budget Committee chairman.

Ryan was re-elected to his House seat from Wisconsin the same night that he and Mitt Romney came up short in their bid to unseat President Barack Obama and Vice President Joe Biden.

Advisers had been weighing whether Ryan would be best served by returning to Congress for an eighth term if he were planning to run for president in 2016.