Cash-Strapped States Facing Budget Crises, Governors Facing Tough Decisions

President Obama is set to release his budget plan for next year today, setting up a showdown with Republicans calling for drastic spending cuts to bring down the deficit. Out in the states, though, the rhetoric is less heated and Democrats and Republicans are sounding strikingly similar, with governors from both parties calling for dramatic budget cuts to tackle massive deficits while pledging to not raise taxes. Twenty-nine new governors were elected last fall and many are facing tough...Full Story