Wednesday, January 9, 2013 - 1:41pm
Governors warn Congress over debt limit
Governor Markell warns Congress that lingering uncertainty over raising the nation's debt limit could hinder state budgets and job growth.
Markell outlined state agendas as in 2013 as part of the National Governors Association meeting in Washington.
NGA Chairman Markell says they have formed a task force on tax reform.
"And what this group is going to do is develop concrete suggestions consistent with where the interest of the state and federal governments intersect, and it will also address some longstanding tax policies such as the need to allow states to essentially level the playing field," he said.
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Markell says if the debt limit isn't raised soon, there will be disruptions in federal spending and capital markets that could hurt states.
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