Economics

Cantor to Leave U.S. House Leadership Post on July 31

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U.S. House Majority Leader Eric Cantor plans to step aside from his leadership post following his primary election loss, as competing Republicans line up to seek his No. 2 position in a caucus vote set for June 19.

“All politics are local,” said Cantor, planning to step aside as majority leader on July 31 yet finish his term as a congressman from Virginia through the year’s end. “I just came up short and the voters elected another candidate.”