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REP ERIC CANTOR ON DEBT DEBATE SOT DURING PRESS CONFERENCE ON DEBT CEILING CANTOR IS A REPUBLICAN CONGRESSMAN FROM VIRGINIA AND IS THE HOUSE MAJORITY LEADER on July 15, 2011 the House Republican leadership held a news conference on the ongoing deficit debate about raising the United States Debt ceiling. If the debt ceiling is not raised by August 2, 2011 the United States will start to default on its loans and could lose its Triple A credit rating SOT were going To bring a bill fwd next week - cut cap and balance bill to provide a balanced approach so that we can demonstrate that we are getting things under control and that the people that put us here can gain some confidence that we're going to begin to live lie they do around their kitchen tables an businesses, stop spending money we donÕt have..we hope our democrat friends on the other side other the aisle can join us in that balanced approach