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The Boston Globe

Politics

Governors say looming cuts threaten economic gains

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 try 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 spooks local businesses from hiring and hampers their ability to construct state spending plans.

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