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U.S. House Majority Leader Eric Cantor pauses Wednesday during a news conference on Capitol Hill in Washington while discussing his defeat in his Virginia Republican primary election. REUTERS/Jonathan Ernst

What happened? Republican Cantor to leave leading U.S. House post after election shock

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WASHINGTON — An election defeat for Eric Cantor, the No. 2 Republican in the U.S. House of Representatives, left his political party in chaos on Wednesday, as financial markets worried the shakeup might renew messy budget fights that in the past have caused government shutdowns and near credit defaults.

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