Word: deficits
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...Faculty of Arts and Sciences has reduced its deficit to $80 million, signifying a drop that FAS Dean Michael D. Smith credited at yesterday’s Faculty meeting to alumni donations, improvements in the international financial market, and last year’s cost-cutting measures...
...open forum last September, Smith said that FAS would seek to reduce its deficit to $90 million for the fiscal year ending in 2010—a planned decrease of $20 million that the administration has exceeded by $10 million, according to its most recent estimates...
...latest dose of reality from Elmendorf's CBO: a forecast that the federal deficit will reach $1.35 trillion this year - $4,400 for every American. All that red ink means the overall debt will rise to $8.8 trillion by the end of 2010, or about 60% of gross domestic product - the highest level of public debt since 1952. "There's a fundamental disconnect between the level of benefits that people want the government to provide, particularly for older Americans, and the amount of resources that people want to send to Washington to pay for those benefits," Elmendorf says. "To make...
...Faculty of Arts and Sciences has cut down its deficit to $80 million, which amounts to a $30 million decrease since FAS Dean Michael D. Smith announced in September that the University’s largest school had cut half of its projected deficit, according to a high-ranking FAS administrator...
...open forum last September, Smith announced that FAS had closed half of its two-year $220 million budgetary gap, noting that the administration would aim to slash another $20 million from the deficit for the fiscal year ending in 2010. But the new figure suggests that the administration has exceeded its expectations...