Newly elected House Majority Leader Kevin McCarthy dismissed the proposal to fund the U.S. highway system. The Fiscal Times reports.» Read More
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.
House Majority Leader Eric Cantor discusses what his loss in the Virginia primary to tea party candidate Dave Brat means for the Republican party.
REPUBLICAN REPRESENTATIVE ERIC CANTOR SAYS HE WILL STEP DOWN AS U.S. HOUSE MAJORITY LEADER ON JULY 31.
House Majority Leader Eric Cantor will step down from his leadership role on July 31st following a defeat by tea party candidate Dave Brat in the Virginia primary.
Following an upset by tea party candidate Dave Brat in the Virginia primary, House Majority Leader Eric Cantor sees the election as a personal setback and is optimistic about the future of the U.S.
WASHINGTON, June 11- Republicans in the U.S. House of Representatives will vote on June 19 for a new House majority leader to replace outgoing Representative Eric Cantor, party lawmakers said on Wednesday. Cantor is expected to leave the No. 2 House position at the end of July after losing a primary election on Tuesday in his congressional district.
Discussing tea party candidate Dave Brat's defeat of House Majority Leader Eric Cantor and how it will impacts immigration reform, with Barney Frank, former Massachusetts Representative, and CNBC senior contributor Larry Kudlow.
Discussing why Eric Cantor lost and if the defeat signals the reemergence of the tea party, with Sara Fagen, DDC Advocacy partner, and CNBC's John Harwood.
After GOP congressional candidate Dave Brat stunningly defeated House Majority Leader Eric Cantor, CNBC's John Harwood takes a closer look at who exactly Dave Brat is and why Cantor lost.
*Bank of America shares biggest drag on S&P 500. *World Bank cuts global 2014 outlook. NEW YORK, June 11- U.S. stocks dropped on Wednesday, with the Dow and S&P 500 pulling back from recent record highs, following the World Bank's reduction of its global growth forecast.
Discussing how the market is digesting House Majority Leader Eric Cantor's loss, with MIchael Farr of Farr, Miller and Washington, and Zachary Karabell, Envestnet.