$300 million budget gap possible for Va. budget

RICHMOND, Va. (AP) — An unexpected revenue shortfall added a new sense of urgency Monday to a long running budget impasse that could shutdown state government. But lawmakers showed no sign that urgency was bringing them closer to an agreement.

Gov. Terry McAuliffe met with key lawmakers at the Capitol to tell them about lower-than-expected tax collections, particularly from capital gains, could leave a $300 million budget hole for the current fiscal year that ends in June.