Former House Majority Leader Eric Cantor (R-VA), who lost his primary this year in a shocking upset, said Thursday that he would resign his Congressional seat this August rather than serving out his term, reports the Richmond Times-Dispatch.
Cantor had stepped down as Majority Leader earlier this week, and was replaced by Rep. Kevin McCarthy (R-CA). He hadn't previously mentioned any plans to leave Congress early, and didn't specify why he was doing so in a Friday op-ed about the decision.
But recently, Politico's Mike Allen wrote that Cantor "is expected to take a New York finance job as part of a lucrative new life." (Cantor's aides emphasized to Allen nothing was decided.)