Congressman Says Republicans Won't Approve Tax Rise

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June 24 (Bloomberg) -- U.S. Representative Tim Huelskamp, a Republican from Kansas, discusses the breakdown of the latest deficit-cutting talks. House Majority Leader Eric Cantor and second-ranking Senate Republican Jon Kyl yesterday walked away from a seven-weeks-long negotiating effort led by Vice President Joe Biden to find a way to cut at least $1 trillion and raise the nation’s $14.3 trillion debt ceiling before an Aug. 2 deadline. Huelskamp talks with Peter Cook on Bloomberg Television's "InsideTrack." (Source: Bloomberg)

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