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Rep. Eric Cantor to resign as House majority leader by end of July: Washington Post

House Majority Leader, Eric Cantor, R-VA, to step down.
Douglas Graham | CQ Roll Call | Getty Images
House Majority Leader, Eric Cantor, R-VA, to step down.

Eric Cantor (R-Va.), who became the first House Majority Leader to ever lose a re-election on Tuesday night, plans to step down from his leadership position by the end of July, the Washington Post reports.

The Post, citing "three Republicans familiar with his plans," said that Cantor will officially announce his plans later Wednesday at a meeting with colleagues. A press conference is slated for 4:30 p.m.

Rep. Pete Sessions, R-Texas, said Wednesday afternoon that he plans to run for House majority leader and noted that border security would be his top priority, Reuters reported.

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This story is developing. Please check back for further updates.

—CNBC staff contributed reporting.

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