Governors: Looming cuts threaten economic gains
Hawaii Gov. Neil Abercrombie, center, seen with National Governors Association Chairman Gov. Jack Markell of Delaware, left, and Vice Chairman Gov. Mary Fallin of Oklahoma, speaks during the opening news conference of the NGA Winter Meeting in Washington, Saturday, Feb. 23, 2013. The nation's governors say their states are threatened if the automatic, across-the-board budget cuts, known as the sequester, take effect March 1. (AP Photo/Manuel Balce Ceneta)
Posted: Saturday, February 23, 2013 12:00 am
WASHINGTON (AP) - Washington's protracted budget stalemate could seriously undermine the economy and stall gains made since the recession, exasperated governors said Saturday as they tried to gauge the fallout from impending federal spending cuts.
At the annual National Governors Association meeting, both Democrat and Republican chief executives expressed pessimism that both sides could find a way to avoid the massive, automatic spending cuts set to begin March 1, pointing to the impasse as another crisis between the White House and Congress that hampers their ability to construct state spending plans and spooks local businesses from hiring.
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Saturday, February 23, 2013 12:00 am.