CHICAGO – Missouri Gov. Jay Nixon moved to restrict $400 million of spending in the state’s fiscal 2014 budget over concerns that lawmakers will override his veto of a tax cut and endanger the fiscal underpinnings of the state’s top ratings.

“House Bill 253 is a fiscally irresponsible, ill-conceived experiment that would undermine Missouri’s strong fiscal foundation and weaken our economy now, and for years to come,” Nixon said in announcing his move to restrict $400 million in the new budget that took effect Monday.

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