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>> ERIC CANTOR Latest News

JAN 18, 2013 - Business Insider

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WHITE HOUSE: 'We're Encouraged' Republicans Are Going To Vote On A Debt-Ceiling Increase Next Week

House Republicans have come out of their annual retreat in Williamsburg, Va., with a new strategy on debt-ceiling negotiations: They will raise the nation's borrowing limit for three months next week to give Senate Democrats the opportunity to pass a budget. A longer-term extension in the debt ceiling would then be contingent on the Senate passing a budget — something it hasn't done in almost four years.  Here's Majority Leader Eric Cantor's full statement: "The first step to fixing this problem is to pass a budget that reduces spending. The House has done so, and will again. The ... Read More

Tags: WHITE HOUSE: 'We're Encouraged' Republicans Are Going To Vote On A Debt-Ceiling Increase Next Week,  Eric Cantor Latest News