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NEWS ABOUT: Eric Cantor

Obama on Debt Talks: 'I Will Not Yield'

...even though 'this may bring my presidency down'

(Newser) - We already knew last night's debt talks did not go well —but not only did President Obama leave "abruptly," he really put his foot down, Talking Points Memo reports: "I have reached the point where I say enough," he said, according to those present.... More »

Cantor: Angry Obama Left Meeting

But a Democrat says the session was already over

(Newser) - Shhh, nobody tell Moody's . Today's debt ceiling talks at the White House may have been the testiest yet. As Eric Cantor tells it, the president "lost his temper" and "abruptly" ended the meeting by walking out of the room, reports Politico . But a Democrat offered a... More »

Debt Talks Bring Out Boehner/Cantor Rivalry

Boehner is more pragmatic; Cantor draws line, refuses compromise

(Newser) - The GOP’s high-wire debt ceiling talks have turned a spotlight on the growing rivalry between John Boehner and Eric Cantor, the Washington Post observes. Until Sunday’s talks, Boehner had been pushing for a grand compromise, while Cantor categorically refused anything involving tax increases. Yesterday, Cantor insisted that he... More »

Obama Ready to Cut Social Security

President pushing $4T deficit reduction plan

(Newser) - With Medicare already on the table , President Obama has signaled that the other big budgetary time bomb isn't safe from cuts: Social Security. The president is pressing congressional leaders to accept an ambitious plan to slash $4 trillion over the next decade, insiders say. He hopes to use the... More »

Cantor: GOP Willing to Talk Tax 'Loopholes'

Comments suggest hope for compromise on debt ceiling

(Newser) - With crunch time on a debt ceiling deal approaching, some hope emerged today that an agreement might be possible: Eric Cantor said Republicans would be willing to close tax loopholes that benefit the rich provided Democrats returned the favor elsewhere by, say, extending the payroll tax holiday to help businesses.... More »

Cantor Has Up to $15K Bet on Government Default

It's just a teeny tiny conflict of interest, Jonathan Easley argues

(Newser) - As Eric Cantor last week negotiated an increase in the federal debt ceiling, he had between $1,000 and $15,000 invested in a fund that aggressively shorts US bonds, according to his latest financial disclosure statement. If Congress fails to raise the debt ceiling and the US defaults, the... More »

Kyl Leaves Debt Talks, Too: No Republicans Left

He joins Eric Cantor in bailing on Joe Biden's negotiations

(Newser) - And then there were none: Arizona Senator Jon Kyl is joining Eric Cantor in his decision to skip Joe Biden's deficit-reduction talks, which means no Republicans are left on the panel, reports ABC News . The departures come as Mitch McConnell blasted President Obama on the Senate floor, notes Politico... More »

Cantor Bails on Budget Talks

Says Boehner, Obama need to work out tax issue

(Newser) - Eric Cantor has told reporters that he’s not attending today’s Joe Biden-led budget meeting, or any future budget meetings, because the group has reached an impasse over taxes that he thinks can only be bridged by John Boehner and President Obama. “We’ve reached the point where... More »

McCain: Palin Could Win It

He also gives Santorum a pass on torture dig

(Newser) - John McCain thinks his former running mate has a shot at the White House that proved elusive to him. Asked today whether Sarah Palin could beat President Obama, McCain replied: "Of course she can. She can. Now, whether she will, whether she'll even run or not, I don'... More »

Biden: We've Got $1T in Cuts

...but Republicans want $2T

(Newser) - Budget negotiations between congressional leaders seem to be off to a strong start: The sides have identified at least $1 trillion in possible spending cuts, mediator Joe Biden told reporters yesterday. “If we keep on this pace, we can get to a relatively large number,” he said, adding... More »

Eric Cantor: Paul Ryan Should Run

Top Republicans argue about whether field is set

(Newser) - Paul Ryan has his highest profile fan for his non-existent presidential race yet, reports Politico. The House's No. 2 Republican, and Ryan's fellow self-styled "Young Gun," Eric Cantor thinks the Budget Committee chair should make a run for the White House. "Sure," he replied... More »

GOP Backs Away From Budget Compromise Reports

Eric Cantor told Washington Post deal was unlikely to include Medicare

(Newser) - Eric Cantor moved quickly last night to dispel reports that he was aiming for a bipartisan budget compromise. With talks with the Democrats and the White House beginning today, the Washington Post had posted a story headlined “Medicare Dropped From GOP Budget Proposal,” in which Cantor was quoted... More »

Cantor Escalates Debt Ceiling War

GOP ready to plunge nation into default, he warns

(Newser) - Republicans have been outspoken about their opposition to raising the debt ceiling, but comments from House Majority Leader Eric Cantor yesterday appeared to escalate the battle. The GOP "will not grant [Democrats'] request for a debt limit increase" without serious spending cuts or budget process reform, he said,... More »

Budget Talks Look Doomed by Unlikely Participants

Cantor, Kyl, and Pelosi crew not the most credible bunch

(Newser) - Are the White House’s budget talks already doomed? That’s the conclusion some are reaching based on who’s going, according to the Huffington Post . Both sides were invited to send up to eight appointees, but Republicans will only send two: Eric Cantor and Jon Kyl, both political pugilists... More »

Obama's Deficit Plan: Raise Taxes on Rich

White House to take stand on deficit on Wednesday

(Newser) - President Obama will weigh in on the deficit in a speech this Wednesday, calling for cuts to entitlement programs as well as a tax increase for the wealthy. Alongside calls for reductions in Medicare and Medicaid and a new plan for Social Security, the president will propose raising taxes on... More »

Cantor: We Dragged Obama 'Kicking and Screaming'

He claims the president was not leading talks on spending cuts

(Newser) - According to House Majority Leader Eric Cantor, President Obama had to be dragged “kicking and screaming to the table to cut spending,” he said on Fox News Sunday. Cantor says White House senior adviser David Plouffe is being dishonest in his claim that Obama was the one leading... More »

Dems Act Like Jerks as GOP Shreds Constitution

Jon Stewart has no kind words for either side

(Newser) - On last night's Daily Show , Jon Stewart summed up the continuing budget crisis thusly: "So Democrats want $30 billion in cuts, Republicans want $60 billion in cuts. Rather than both sides going, well, how about $45 (billion), we're going to shut the government down." And, true to form,... More »

As Shutdown Approaches, Congress Just Squabbles

Dems blame GOP-Tea Party divide, Cantor blames Dems, hilarity ensues

(Newser) - Negotiations between Democrats and Republicans are going so poorly that it’s looking more and more likely that the government will shut down when its current temporary funding measure expires April 8, the Wall Street Journal observes. Both sides spent yesterday criticizing each other, with Harry Reid blaming the lack... More »

Hey, Obama, GOP 'Can't Do It Alone'

This is the president's 'leadership moment'

(Newser) - President Obama's deficit commission co-chairs may think real fiscal responsibility is still possible, but Eric Cantor thinks the president's budget "shattered our best hopes" with its "conspicuous lack of candor." "This is a leadership moment," he writes in an opinion on Politico. "House Republicans... More »

Freshmen Squeeze GOP, Wring Out $100B in Cuts

Freshman lawmakers drive changes

(Newser) - House Republicans have toughened their budget proposals, after some cajoling from freshman lawmakers: They emerged from last night's meeting with the news that they'll seek $100 billion in cuts, Politico reports. Lawmakers from the 87-member strong freshman class pushed the changes, calling for $100 billion in cuts immediately—not over... More »

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