Tax

Cantor hopeful of deal, opposed to tax hike in 2013

Reuters News
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Posted: Jul 11, 2011 1:08 PM
Cantor hopeful of deal, opposed to tax hike in 2013

WASHINGTON (Reuters) - House of Representatives Republican leader Eric Cantor said on Monday he was hopeful that both sides could come together on a bipartisan deal to reduce the U.S. debt but said he still opposed any increase in taxes in 2013.

Cantor, who was speaking to reporters before a second straight day of meetings at the White House with Republican and Democratic congressional leaders and President Barack Obama, said he accepted a warning by the U.S. Treasury that markets would punish the United States if the debt ceiling were not raised by August 2.

(Reporting by Andy Sullivan and Thomas Ferraro, Editing by Sandra Maler)