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In its place, Cantor and the House Republicans had engineered the battle over the sequester, which would begin on March 1st.
Liberal pundits seem most worried about what this concession signals for the next round of negotiations, over the sequester and the debt ceiling.
As part of the battle over the sequester, President Obama and his allies are arguing that the across-the-board spending cuts will do substantial harm and need replacing with a package including revenue increases.
As he gamed out G.O.P. strategy for the budgetary showdowns with Obama in January and February — including this week's clash over the sequester — Cantor was happy to make himself available for several long interviews.
As always, many pundits want to portray the deadlock over the sequester as a situation in which both sides are at fault, and in which both should give ground.
Not only did he put pressure on G.O.P. leaders to compromise in the dispute over the sequester; he also called on European countries to ease up on their austerity policies, saying that they could adopt a "more judicious balance" of short-term and long-term fiscal consolidation.
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Overexpression of these NF-κB family members over-rides the sequestering effect of endogenous IκB molecules (Anrather et al, 1999), as revealed by a significant fold induction of NF-κB transcriptional activity.
Over all, the sequester could reduce earnings at the biggest companies by just over 1 percent, she said, adding, "the market wants more austerity".
THIS week: What the Federal Reserve thinks about America's economic future, the spill-over effects of the sequester and dismal developments in the European economy.
Some observers predict that the unfolding of the sequester over the next three weeks will prove decisive.
Instead, they aimed simply to replace the automatic across-the-board cuts known as the sequester over the next eight years with other budget changes.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com