Perdue: NC Well-Positioned For Economic Recovery

Gov. Beverly Perdue says North Carolina is well-positioned for the nation's economic recovery.

Perdue said Tuesday the state is facing another budget shortfall of $400 million because of weak tax collections. She says that can be handled without much effort because she already ordered state agencies to hold back five percent of what the budget authorized them to spend.

The governor has concerns about the long-term economic future, questioning whether the state will get a cut of the growing online retail market. She also questioned whether the federal government would leave states with unfunded mandates.

Perdue says she thinks the nation is on its way out of the recession but faces a slow recovery.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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