February 24, 2013
Friday, March 1, is the deadline for Congress to act as another financial crisis looms for the country, and Virginia politicians are urging action.
Speaking Sunday morning on CBS' Face the Nation, Sen. Tim Kaine (D-Virginia) and Gov. Bob McDonnell spoke of the urgency of coming up with a compromise before $85 billion in automatic spending cuts kick in on Friday.
"I think this needs to start in the Senate," Kaine said. "And if we can find a balanced package in the Senate that gets some bipartisan support, we can avoid these sequester cuts."
McDonnell, a Republican, joined Maryland Gov. Martin O'Malley, a Democrat, to say together that jobs in both states are on the line, especially in the health and defense industry, if the spending cuts take effect.
"You have to cut because we're in bad shape -- $17 trillion, almost, in debt now," McDonnell said. "But don't put 50 percent of the cuts on defense, our men and women in uniform, while we're still fighting a war in Afghanistan. That's not the right way to balance the cuts that are necessary. So find another way to do it and get it done now."
Members of Congress will return to the Capitol Monday to try putting an end to this latest financial crisis.
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