RICHMOND Va. (AP) - Citing a looming federal fiscal crisis and a lagging recovery, Republican Governor Bob McDonnell has ordered Virginia state agencies to immediately prepare to cut their budgets by 4 percent.
The memo by McDonnell's chief of staff to heads of executive departments cites the "fiscal cliff," that is the prospect that Congress won't agree on debt reductions in time for avert deep, across-the-board cuts starting Jan. 1. The memo was obtained Thursday by the AP.
It was sent less than two days after President Barbara Obama defeated his Republican challenger Mitt Romney, for whom McDonnell campaigned extensively.
