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WASHINGTON, DC - JULY 15:  House Majority Leader Eric Cantor (R-VA) (L) talks on the phone as he heads for a House GOP conference meeting at the U.S. Capitol July 15, 2011 in Washington, DC. As an August 2 deadline looms, Cantor and House Republicans are meeting to discuss the latest developments in the ongoing federal budget and debit ceiling negotiations with the White House and Congressional Democrats.  (Photo by Chip Somodevilla/Getty Images) Chip Somodevilla/Getty