Exclusive: Eric Cantor Doesn't Question August 2 Debt Ceiling Deadline

House Majority Leader Eric Cantor says he has no reason to doubt the Obama Administration's dire warnings that the federal debt limit must be raised by August 2nd to avoid negative economic consequences -- but insists that the limit will not be raised without trillions of dollars in "real spending reductions." Asked if August 2 is the absolute deadline to reach an agreement or whether the date is an arbitrary target set by the Treasury Department, Cantor did not challenge the deadline. ...Full Story
Commenting on this article is closed.