Newly elected House Majority Leader Kevin McCarthy dismissed the proposal to fund the U.S. highway system. The Fiscal Times reports.» Read More
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.
WASHINGTON, June 11- U.S. House of Representatives Majority Leader Eric Cantor plans to step down as the No. 2 House Republican after a shock election defeat to a Tea Party movement upstart that set off an unexpected scramble for new leadership. The Washington Post reported that Cantor would leave his post effective July 31.
NEW YORK, June 11- House Majority Leader Eric Cantor's shocking defeat isn't likely to have much effect on U.S. financial markets-- unless his departure emboldens Tea Party Republicans to again threaten a government shut-down over the debt ceiling next year, investment strategists said.
Discussing how Eric Cantor's primary upset could impact Washington and the markets, with Ben Willis, Princeton Securities Group, and Kenny Polcari, O'Neil Securities.
NEW YORK, June 11- Stocks retreated from recent highs on Wednesday, pressured by a lower World Bank growth forecast and a profit warning from Lufthansa, while crude oil rose on fears of disrupted supply from Iraq.
*Micron, Amazon rise after analysts' comments. *World Bank cuts global 2014 outlook. Investors expressed caution after the surprising primary election defeat of Eric Cantor, the No. 2 Republican in the House of Representatives, by an upstart candidate from the Tea Party movement.
Harold Ford Jr., Morgan Stanley managing director, discusses what's behind the GOP's emergency meeting after House Majority Leader Eric Cantor was upset in the Virginia primary.
Some Republicans are demanding Eric Cantor step down from his post now, reports CNBC's John Harwood.
Larry McDonald, Newedge USA, discusses how the defeat of House Majority Leader Eric Cantor in the Virginia primary could impact the U.S. economy and immigration, as well as the sectors that will benefit from his defeat.
The FMHR traders discuss what role the defeat of House Majority Leader Eric Cantor in the Virginia GOP primary could have on the U.S. stock market.
WASHINGTON, June 11- Republican lawmakers are scrambling to identify the party's future leaders after the shock primary election defeat of Eric Cantor, the No. 2 Republican in the House of Representatives, by an upstart candidate from the Tea Party movement.
Tea party activist David Brat tells CNBC his stunning victory over House Majority Leader Eric Cantor was nothing short of a miracle.
U.S. Senate candidate Joe Carr (R-Tenn.), weighs in on House Majority Leader Eric Cantor's primary loss to David Brat and provides insight to his upcoming election against veteran Tennessee Republican Senator Lamar Alexander.
Bob Doll, Nuveen Asset Management chief equity strategist and senior portfolio manager, discuss how the election loss of House Majority Leader Eric Cantor will affect the U.S. stock market.
If elected, GOP congressional candidate Dave Brat of Virginia, discusses how he will change the rift he sees between Main Street and Wall Street.
GOP congressional candidate Dave Brat of Virginia, discusses how his victory over House Majority Leader Eric Cantor may escalate tension within the Republican Party. Brat also discusses competition in America and "too big to fail."
GOP congressional candidate Dave Brat of Virginia, discusses his victory over House Majority Leader Eric Cantor.
Stocks are calm, but investors need to be vigilant against complacency because it can lead to upheaval in the market, Goldman Sachs CEO tells CNBC.
Who is the tea party Congressional candidate who upset Eric Cantor in a Virginia Republican primary? The Fiscal Times reports.
House Majority Leader Eric Cantor was defeated in the Virginia Republican primary by tea party challenger David Brat. Why he lost and what this means for immigration reform, with Chuck Gabriel, Capital Alpha Partners.