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June 12, 2014 AT 6:31 AM
Republican Representative Jeb Hensarling of Texas said on Thursday he will not run for majority leader of the U.S. House of Representatives to replace Eric Cantor, who is stepping down. Hensarling, chairman of the House Financial Services Committee, said in statement: "After prayerful reflection, I have come to the conclusion that this is not the right office at the right time for me and my family." Cantor said on Wednesday he would step down from his post as the No.