Fallin: Possible Fiscal Cliff Could Cost Oklahoma 8,000 Jobs - KATV - Breaking News, Weather and Razorback Sports

Fallin: Possible Fiscal Cliff Could Cost Oklahoma 8,000 Jobs

Posted: Updated:

OKLAHOMA CITY (AP) - Gov. Mary Fallin says Oklahoma could lose as many as 8,000 jobs in the aerospace and defense industries if the nation falls off the federal fiscal cliff.

Oklahoma is home to five military bases and the aerospace industry is 1 of the state's largest employers. Fallin said Thursday that both industries could lose thousands of jobs due to the fiscal cliff's combination of steep spending cuts and tax hikes.

Fallin says federal spending cuts also would have a trickle-down effect on other businesses, including companies that deal with office supplies, rental cars, hotels and restaurants.

Fallin says she has urged federal officials to resolve the issue before cuts go into effect in January.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Fatal accident ties up traffic on 67/167

    Fatal accident ties up traffic on 67/167

    Friday, August 29 2014 6:17 PM EDT2014-08-29 22:17:20 GMT
    The Pulaski County Coroner confirms one person has died after an accident on Arkansas Highway 67/167.More >>
    The Pulaski County Coroner confirms one person has died after an accident on Arkansas Highway 67/167.More >>
  • Russellville woman "missing and endangered"

    Russellville woman "missing and endangered"

    Friday, August 29 2014 3:03 PM EDT2014-08-29 19:03:16 GMT
    A Russellville family is looking for a missing woman who they say is suffering from mental illness. Police say Liliya McDaniel, 48, walked away from her Russellville home August 18 and hasn't been seen since.More >>
    A Russellville family is looking for a missing woman who they say is suffering from mental illness. Police say Liliya McDaniel, 48, walked away from her Russellville home August 18 and hasn't been seen since.More >>
  • Metro Radar

    Metro Radar