Origins of the debt showdown
This article was reported by Lori Montgomery, Paul Kane, Brady Dennis, Alec MacGillis, David Fahrenthold, Rosalind Helderman, Felicia Sonmez and Dan Balz. It was written by Dennis, MacGillis and Montgomery.
In mid-January, newly installed as the GOP House majority leader, Virginia's Eric Cantor rose to the podium inside a spacious hotel ballroom to deliver a message to his troops, including the 87 newcomers who had given the party control of the House.
A vote to increase the nation's $14.3 trillion debt limit was coming soon, he told the caucus members who had gathered at the Marriott in Baltimore's Inner Harbor for a closed-door retreat less than 10 days after taking power. Think of it as a "hidden" opportunity, he implored them, a chance to achieve their goal of reining in the federal government and its spending habits.
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