Word: budgets
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...what may be an early sign that the budget is recovering, Faculty of Arts and Science Dean Michael D. Smith announced yesterday that he would end the salary freezes placed on faculty and staff last December...
These increases in spending come despite a $110 million FAS deficit—a budget estimate that has not been updated since Smith announced it on September...
...past few years, Harvard College Library has been forced to lay off staff members and limit growth in collections, as it seeks to reduce its budget for 2010 by $12 million in spite of increasing costs...
...crashing, home foreclosures are rising, and many state and local governments are teetering on the brink of insolvency. The nation, in other words, is out of the operating room but not yet home from the hospital. "If we go back into recession, it's going to blow out the budget, and it's going to cost the taxpayers a lot more," says Mark Zandi, chief economist of Moody's Economy.com, who has advised both parties. (See the worst business deals...
...same time, international confidence in the government's ability to pay its $12 trillion debt is tenuous, and Obama has yet to take any clear steps, beyond rhetoric, to reassure investors. His 2010 budget, announced last February, projected medium-term deficits that even Obama's aides agree are unsustainable. And by most accounts, his health care reform package, if it passes, is unlikely to yield the clear long-term savings that Obama once suggested...