WASHINGTON - U.S. Representative Eric Cantor, who is likely to become majority leader in the new Republican-led House of Representatives, vowed Tuesday to repeal healthcare reform and cut federal spending.
"We will get to work right away to reduce the deficit by cutting federal spending next year down to 2008 levels. That will save $100 billion in the first year alone," he said, according to prepared remarks.
© 2013 Thomson/Reuters. All rights reserved.