Word: budgetable
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With the Obama Administration taking heat for enormous deficits in the budget it is proposing, this automotive impasse can only increase the pressure on the Treasury Department to forget about further loans, pull the plug on the two companies and force them into bankruptcy...
...College’s Admissions and Financial Aid office will cut its travel budget next year by fifty percent, eliminating virtually all non-local high school visits, Dean of Admissions William R. Fitzsimmons ’67 said in an interview yesterday. The scale-down—the admissions office’s response to a Faculty of Arts and Sciences-mandated budget cut of 15 percent for all units—comes two years after Harvard announced an end to its Early Admissions program. At the time, Fitzsimmons stressed the office’s commitment to increasing outreach...
...Sebelius was elected governor of Kansas - a state in which registered Republicans outnumber Democrats by a nearly 2-to-1 margin - in 2002. After a first term in which she helped boost education spending while deftly paring a $1.1 billion budget deficit, she won re-election four years later...
...USAID says it committed $600 million after the Paris donors' conference, including $300 million in budget support to the Palestinian Authority and $184.7 million in refugee assistance. Other countries, especially the Arab donors, did not follow through on their pledges. With $6 billion in undelivered pledges, the Sharm el-Sheikh summit may simply repurpose the same money pledged a year ago in Paris. And it seems perfectly possible, barring dramatic changes in the Middle East political equation, that a year from now, another summit will propose more humanitarian goals, boldly repurposing unused Paris and Sharm el-Sheikh money...
...come up with an effective answer? Its fudged response so far is partly down to a lack of institutional architecture: the European Central Bank, for example, has far fewer resources than the U.S. Federal Reserve, while the European Commission can only work with the budget provided by E.U. member states. At the same time, leaders like Sarkozy, Merkel and Brown have been too busy putting out fires at home to provide strong leadership out of the crisis...