01/19/2011 05:12 am ET | Updated May 25, 2011

GOP Governors Plot Spending Cuts With Eye To 2012

Newly elected Republican governors are preparing to wrestle with huge budget gaps in states already struggling with foreclosures and high joblessness. If they succeed, they say, that could alter the political hue of the Rust Belt, which Barack Obama swept during the 2008 campaign, and it could complicate President Obama's bid for a second term.

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