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Eric Cantor: “I Do Not Support” the Fiscal Cliff Bill

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It’s going to be another long night. House Majority Leader Eric Cantor walked out of the GOP House conference meeting today saying that he does not support the Senate bill and a number of House Republicans have expressed serious concern with the lack of balance in the bill with regard to spending cuts. CBO figures put the ratio at 41:1—tax increases to spending cuts.

Brendan Buck, a spokesman for House Speaker John Boehner, said after today's first conference meeting that the lack of spending cuts in the Senate bill "was a universal concern amongst members in...