Gov. Timothy M. Kaine (D) will travel to Philadelphia Tuesday to meet with President-Elect Barack Obama and most of the nation's other governors.

The last-minute meeting of the National Governors Association will address how the growing economic crisis is affecting states and their budgets.

At least 40 states are facing budget shortfalls. Kaine announced last month that Virginia is facing a $2.5 billion shortfall for the two-year 2009-10 budget. He will revise the estimate next month.

By Anita Kumar  |  November 26, 2008; 10:41 AM ET
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