The Associated Press is reporting that coal stocks are dropping sharply today, on the expectation of tougher going for coal companies in a second term for President Obama. The AP reports that a series of environmental regulations proposed by the Obama administration could reduce the nation's use of coal.
Tennessee Governor Bill Haslam is meeting with state agencies to help prepare for possible budget cuts. After a series of meetings conducted on election day, Haslam will hear presentations today for transportation, children's services and other departments.
The Kentucky Supreme Court has opted to take up a challenge to Gov. Steve Beshear's decision to use excess funds from the state's charitable gaming department to balance the state budget. A group of nonprofits sued Beshear in 2008, saying the transfer of $700,000 in surplus funds from the charitable gaming regulatory account didn't pass constitutional muster.
