Word: fiscal
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...That panic is felt by politicians and policymakers, who have slashed interest rates and hiked fiscal spending in an attempt to stimulate growth. In January, Taiwan's government doled out $2.6 billion in spending vouchers - or about $100 a person - to encourage consumers to splash out. The administration of President Ma Ying-jeou is also pushing a $14.7 billion program of infrastructure projects through the legislature, which includes funding for construction of better bridges and more subways. Singapore in January announced a $13.4 billion "Resilience Package" that will increase the country's budget deficit to a record level. Yet there...
...Washington Easy on the Stimulus, Please Some of the Republican Party's highest-profile governors say they may reject a small percentage of the Federal Government's $787 billion stimulus funding in the name of fiscal conservatism. They say taking federal funds to expand unemployment insurance, for example, would create a future burden on their states and lead to tax increases...
...Washington Outearning the Boss Critics have blasted colleges for doling out lavish pay packages to their presidents, but chief executives at private colleges reaped just 11 of the top 88 salaries awarded during the 2006-07 fiscal year, according to a compensation analysis. Even those educators may feel the pinch soon: a separate survey warned that fundraising totals at major schools are dipping amid the recent economic swoon...
...seem like yet another example of Washington hypocrisy, but the Obama Administration insists there is no contradiction between its words and actions. The $410 billion budget in question was passed to keep the government running for the rest of fiscal 2009, since Congress agreed on only three of the 15 appropriations bills last year and the stopgap measure it passed expires on March 6. Despite the fact that congressional Democrats crafted much of the bill after Obama was elected, the White House argues that the pork-laden bill - which increases federal spending across a range of Cabinet departments...
...Senate is expected to vote on the measure next week and send it to Obama, who will probably sign it. That way he can turn his attention to what the White House says it is really focused on - Obama's first budget, for fiscal 2010, the outline of which is due to be released on Thursday. "I want to pass a budget next year that ensures that each dollar we spend reflects only our most important national priorities," Obama said on Tuesday night. The anticipated austerity of that budget, which will likely allow President George W. Bush's tax cuts...