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Eric Cantor Pulls Out Of Debt Ceiling Talks

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WASHINGTON -- House Majority Leader Eric Cantor pulled out of bipartisan negotiations to raise the nation's debt limit Thursday, and the Senate Republican number two is expected to follow, according to multiple reports.

The Wall Street Journal reports that Cantor indicated an impasse over taxes prompted his exit from the budget discussions for now. A GOP aide close to the talks told The Huffington Post that the disagreement could only be settled by President Barack Obama and House Speaker John Boehner.

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