Word: deficits
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...cutbacks published on the FAS Web site amount to $77 million in projected savings—a third of the total $220 million projected annual deficit that FAS administrators hope to close by July 2011. The cuts will be made over the next several months...
...little tougher next year, according to many residents. Quadlings cited concerns about safety and an anticipated decline in the quality of residential life due to budget cuts announced on Monday by the Faculty of Arts and Sciences. The reductions are geared towards helping FAS close a $220 million annual deficit. In particular, the plan to terminate shuttle service to the Quad next year at 1:30 a.m. from Sunday to Wednesday—when it has previously ended at 3:45—sparked anger among Quad students. Many said that this cut, along with the end of service...
...Café and the Quad’s Penthouse Coffee Bar in the coming months, although both spaces will remain open for student and staff use. The moves are among $77 million in cuts geared towards helping the Faculty of Arts and Sciences close a $220 million annual budget deficit. Beth S. Brainard, a spokeswoman for Harvard College Library, said that while she could not discuss the specific “big-time dollar amounts” saved by the Widener Café’s closing, she said that “it is a substantial amount...
...Republicans are truly out of power and, if you believe them, the Democrats are using the federal credit card to throw one crazy party. Yet, while it now indeed appears that the fiscal year 2010 federal deficit could surpass 13 percent of GDP, the borrowing is hardly paying for a party. Ironically, with the Democrats in full control of the federal government for the first time in 14 years, the beast, while in no imminent danger of death by starvation, is gravely malnourished. This is the case because the beast has two components: the federal government, but also the many...
...states from the stimulus package (a fund cut by more than $40 billion to win the support of the three Republican senators who voted for cloture). The worst is yet to come. The executive director of the National Governors Association has testified that states are facing a $200 billion deficit over the next two years, a deficit that, in the absence of more federal assistance, can only be covered by lay-offs...