House Majority Leader Eric Cantor informed members of his conference Wednesday afternoon that he will step down from his position effective July 31, setting up a special leadership election to replace him. That election will be held next Thursday, June 19, according to a Republican source.
Cantor lost a primary for his seat on Tuesday night. House Republicans are holding a special meeting this afternoon, which started at 4 p.m. in the basement of the Capitol. There is speculation flying around the Hill that they will also discuss a possible successor at the meeting.
A press conference is scheduled for 4:30 p.m.
Cantor's exit would set off a race to replace Cantor as the number two Republican in the House. Already, Texas Reps. Jeb Hensarling and Pete Sessions have indicated that they are taking a look at the race. House Majority Whip Kevin McCarthy is also expected to seek to move up the rung of House leadership.
McCarthy wouldn't comment on whether he'll seek Cantor's job, but said: "There will be an announcement [at the 4 p.m. meeting]."
Rep. Steve Stivers, R-Ohio, says that McCarthy told him that he will definitely be running for majority leader.
The House's No. 4 Republican Cathy McMorris Rodgers said in a statement that she's sticking with her post as conference chair, "after much encouragement from my colleagues, conversations with my family, and many prayers."