Ex-House Majority Leader Eric Cantor has joined a Wall Street investment firm. CNBC's Eamon Javers reports the details.» Read More
WASHINGTON, June 18- Two U.S. senators on Wednesday said they want to raise the federal gasoline and diesel tax by 12 cents a gallon to prevent a fund that pays for about half of the country's transportation projects from running out of money in August.
WASHINGTON, June 18- House of Representatives Republican lawmakers pressured candidates for party leadership jobs on Wednesday to put a higher priority on conservative principles in setting the legislative agenda for the chamber.
*A Republican-run Senate would be more open to trade deals. A Republican victory in the Senate may prevent the chamber's Democrats, backed by labor unions concerned about the impact of free trade on American jobs, from blocking trade legislation favored by both President Barack Obama and Republican leaders.
WASHINGTON, June 12- The defeat of U.S. House of Representatives Majority Leader Eric Cantor shifted the political ground under U.S. multinational corporations this week, just as they seemed to be gaining traction in their push for a $95 billion tax break on bringing foreign profits home.
CNBC's John Harwood provides insight to House Speaker John Boehner's comments on President Obama's foreign policy and the mission in Iraq.
House Speaker John Boehner is due to brief the press and discuss Eric Cantor's defeat. CNBC's John Harwood looks into what issues lead to Cantor's loss.
Congressman Jeb Hensarling (R-Texas), says he will not run for House Majority Leader, reports CNBC's Eamon Javers.
The primary defeat of House Majority Leader Eric Cantor shows how divided the Republican Party has become, Minority Whip Steny Hoyer tells CNBC.
Eric Cantor's coming exit from Congress means that Wall Street won't have a key ally on Capitol Hill.
Rep. Steny Hoyer (D-Md.), discusses the increasingly violent events in Iraq as Al Qaeda-linked groups seize control of two key cities, Mosul and Tikrit.
Rep. Steny Hoyer (D-Md.), shares his opinions on Eric Cantor's Virginia primary loss, saying the Republican Party is "deeply divided."
Former House Majority Leader Dick Armey (R), shares his opinions on David Brat's Virginia primary win. Armey says this was a triumph for "policy over politics."
*Oil prices firm as militants advance on Iraq oil town. TOKYO, June 12- Asian shares slipped on Thursday after a retreat on Wall Street and escalating violence in Iraq delivered a one-two punch to risk appetite, which in turn kept oil prices near three-month highs.
*Oil prices firm as militants advance on Iraq oil town. TOKYO, June 12- Asian shares slipped on Thursday after Wall Street shares stepped back from record levels while civil war in Iraq supported oil prices.
WASHINGTON, June 11- The sudden primary defeat of U.S. House of Representatives Majority Leader Eric Cantor not only paves the way for a new party leader- it could also open the door for a new chairman of the House Financial Services Committee.
It’s always the unexpected that sends Wall Street for a loop. And something unexpected has happened.
WASHINGTON, June 11- A shock primary election defeat for Eric Cantor, the No. 2 Republican in the U.S. House of Representatives, left his political party in chaos on Wednesday as financial markets worried the shakeup might renew budget fights that in the past have caused government shutdowns and near credit defaults.
WASHINGTON, June 11- A combination of over-confidence, neglect of his district and voter anger at congressional leaders fueled Republican Eric Cantor's stunning primary loss in Virginia, an upset that rocked the Republican Party.
*Bank of America shares biggest drag on S&P 500. *World Bank cuts global 2014 outlook. NEW YORK, June 11- U.S. stocks fell on Wednesday, with the Dow breaking a four-day string of record closing highs, following the World Bank's reduction of its global growth forecast.
Eric Cantor will step down from his post as majority leader on July 31 after losing his primary bid Tuesday night. NBC News reports.