Debt Showdown

June 25, 2011 - 9:00 AM
FILE -- In this file photo of Thursday, June 16, 2011, House Majority Leader Eric Cantor of Virginia, right, stands with House Speaker John Boehner of Ohio on Capitol Hill in Washington. Cantor, who has been participating in bipartisan budget talks headed by Vice President Joe Biden, pulled out today citing an impasse over taxes that required intervention by President Barack Obama and House Speaker John Boehner. (AP Photo/J. Scott Applewhite, File)