Word: deficits
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...proposed cuts, when combined with a previously announced slowdown in campus construction, will bring the deficit down to $100 million, Levin wrote...
Yale President Richard C. Levin announced Wednesday a new round of sweeping budget cuts as part of the university's ongoing efforts to close a $150 million budget deficit...
...Hampshire. It was marked by a new willingness to engage the opposition party with cutting humor and offers of compromise. In the State of the Union, he had offered an olive branch to the Republicans - a new commitment to budget balancing (including a bipartisan commission to reduce the deficit that Republicans had been clamoring for), a new emphasis on free trade, a total reversal of his party's traditional positions on nuclear power and offshore drilling. In Baltimore, Obama reminded the Republicans that his $787 billion stimulus package had comprised elements they'd normally support - a $288 billion middle-class...
...past year, the CBO took on particular importance in determining the shape and even the fate of Obama's signature domestic initiative, health care reform. It is the CBO that will decide the politically loaded question of whether reform actually saves the Treasury money or instead adds to the deficit. (So far, the CBO has given it a thumbs-up.) The President has focused even more attention on the CBO's numbers by insisting that any bill reaching his desk not add to the deficit over the next 10 years. Obama has even set a target - an overall price...
...with the health care plan in deep political trouble, the focus for both Congress and the White House is shifting from expanding government to shrinking it. Lawmakers will again turn to the CBO for an honest assessment of what actually cuts the deficit and what merely pretends to. Elmendorf is the first to concede that even the most sophisticated CBO microsimulation model is not the same thing as a crystal ball. "We tell people all the time that our results are very uncertain," he says. "Every number that we give needs to be viewed as the middle of a fairly...