Word: budget
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...Anytime the Federal Government spends more than it takes in, it creates fiscal stimulus. That stimulus (deficit) was $1.4 trillion for the just-ended fiscal year, up about $1 trillion from the year before. The stimulus bill accounted for just $200 billion of that increase, according to the Congressional Budget Office. Bailing out banks and other financial firms cost $245 billion. A $419 billion drop in tax receipts (due mainly to recession, not legislation) without an offsetting spending cut was the biggest factor in the deficit's rise. Then there are the trillions of dollars the Federal Reserve put into...
...major decline in the endowment. Budget cuts. Layoffs. Whiny students. Admittedly, these phrases don't look so nice next to Harvard's prestigious name...
...city’s fiscal responsibility is another issue of concern to candidates. Cambridge’s city budget grew by 2 percent this fiscal year from the year before—a growth, according to City Manager Healy, that in part alleviates the $9.7 million reduction in state aid to the city...
...climate of precipitous endowment losses and spending curtailment. Minow faces the unenviable task of reconciling shrinking spending with a period of rapid, immense change in the legal industry that has altered the way law schools operate. As a result, some fear that as the school shrinks its budget, spectres of the school’s ideological battles of the past might resurface...
...Thus far they have identified four key areas in which they believe their opponents are vulnerable: the ongoing credit crunch in the commercial real estate market, the looming costs of unemployment tax increases on states and businesses, the massive budget deficits and what Cantor calls an uncertain environment that Obama's ambitious agenda on health care, financial reform and climate change is creating for the business community. Cantor admits the group has yet to come up with any solutions, but they are meeting over the next few months to hear from experts and to hammer out concrete proposals. The method...