RALEIGH, N.C. -- In a bipartisan effort to address a looming economic crisis, two former North Carolina governors on Tuesday plan to help launch a state lobbying effort against the fiscal cliff.
Former governors Jim Hunt, a democrat, and his predecessor, Jim Holshouser, will announce the N.C. chapter of Fix the Debt.
N.C. will become the 17th state to become a part of the national effort aimed to help build a framework to address the debt crisis before its Jan. 1 deadline. If that deadline is not met, tax increases and spending cuts are set to begin, which experts say will send the U.S. economy into a shock.
The 1:30 p.m. announcement will be made from the Marriott City Center in Raleigh alongside Durham Mayor Bill Bell and Clear Defense CEO Tonya Cockman. Former GlaxoSmithCline CEO Bob Ingram co-chairs the state chapter.
On its website, fixthedebt.org outlines strategies being used by different chapters in an effort to raise awareness about the fiscal cliff. The strategies include advertising campaigns and roundtable discussions.
Among the supporters are about 400,000 former politicians, business owners, and citizens who have signed a petition urging Congress to set politics aside to address the fiscal cliff.