Virginia budget cuts ordered

POSTED: 5:49 AM Nov 09 2012   UPDATED: 12:25 PM Nov 09 2012

To help battle the looming federal fiscal crisis and a lagging recovery, Virginia Governor Bob McDonnell has ordered state agencies to cut budgets by four percent.

McDonnell cited the so-called "fiscal cliff" and worries Congress won't agree on debt reduction in time to avert deep, across-the-board cuts that would begin January 1. 

He is calling for the agencies to begin plans for the cuts immediately.