Rep. Hensarling Won't Run For House Leadership Position

By Robert SchroederMarketWatch Pulse

Rep. Jeb Hensarling won't run for a House leadership position and will back Rep. Tom Price for the post of majority leader, a spokeswoman said Monday. Hensarling, a conservative Texas Republican, is now chairman of the House Financial Services Committee. Numerous House Republicans are mulling bids for leadership positions after the surprise resignation announcement of House Speaker John Boehner on Friday. Leadership elections are expected soon.

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