Word: billion
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Dates: during 2000-2009
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...such enrichment courses. If the president’s scheduling plans come to fruition, schools would no longer face an either-or decision, where providing time for arts and sports comes at the cost of academic instruction. Since the stimulus bill includes an education component totaling more than $125 billion, funding for this additional class time seems plentiful. Districts that have failed historically in their attempts to implement arts and sports programs could benefit immensely from this financial support...
...safe option will be to deliberately release the dam. "What is crystal clear is that there will be a devastating impact if the water is released," Triplett says. The Federal Emergency Management Agency (FEMA) estimates that if the dam needs to be released, the resulting damage could cost $3 billion. County officials estimate that the ensuing shutdown of business could cost the area another $46 million per day. The odds of needing to release the dam, according to the Army Corps of Engineers, are about 1 in 3. "That's a huge number," Triplett says. (See pictures of the worst...
Across the country, state governments are grappling with how to sharply trim budgets amid the worst recession in decades. But nowhere is that debate more intense than in Michigan, where officials are scrambling to close a $2.8 billion deficit and avert a government shutdown at midnight on Wednesday...
...would have a public option with negotiated rates, roughly equivalent to Schumer's supposedly "level playing field" approach. According to a Democratic leadership aide in the House, the Congressional Budget Office, which determines the cost of legislation, has told Pelosi that the Medicare-pegged rates would lead to $110 billion in savings over 10 years, while negotiated rates would save only about $25 billion. Pelosi, who is trying to whittle the House bill down from its $1.1 trillion price tag closer to the $900 billion that both Baucus and Obama are targeting, is hoping to use these CBO estimates...
...business in the U.S. HSBC dove into the U.S. subprime mortgage and consumer credit market, mainly through its 2003 purchase of consumer finance firm Household International. That decision proved disastrous. For the 18 months ending in June, HSBC's U.S. personal-financial-services business posted pretax losses of $20 billion. In March, HSBC announced its consumer-finance operation wouldn't issue any more loans and would begin winding down its business (except for credit cards). Chairman Stephen Green said in a statement at the time that the Household purchase was one "we wish we had not undertaken." (See pictures...