Gingrich cheers Cantor's abandonment of Biden talks

House Majority Leader Eric Cantor's (R-Va.) decision to abandon budget negotiations with Vice President Biden won backing Thursday from former Speaker Newt Gingrich (R-Va.).

The former GOP Speaker offered his endorsement of Cantor's decision to abandon talks with Biden and senior congressional Democrats. The talks are aimed toward reaching a grand bargain to tackle fiscal problems in exchange for raising the debt limit.

Gingrich said on Twitter:

Eric Cantor is exactly right to insist on no tax increases. @EricCantor

Cantor and the rest of the GOP leadership said the talks were abandoned because Democrats in the group insisted on revenue-raising provisions as part of the overall deal. Republicans have flatly rejected those offers, calling them tax hikes. Sen. Jon Kyl (R-Ariz.), the other Republican official in the Biden talks, also walked away.

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