Word: fiscal
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...best way to address these needs." Allexon is referring specifically to LIHEAP, the federal Low Income Home Energy Assistance Program. It is supposed to provide about $5 billion in home-heating-fuel aid, but in recent years it has seen only half that. President Bush even tried to reduce fiscal 2009 LIHEAP funding to about $2.14 billion, but Congress, in the face of stratospheric fuel costs in 2008, authorized $4.5 billion instead. (ExxonMobil insists it has lobbied for full LIHEAP funding...
Neither snow nor rain nor heat nor gloom of night will keep your mail carrier from making the daily rounds, promises the U.S. Postal Service's unofficial motto - but the economy might. With 9.5 billion fewer letters and packages delivered in the 2008 fiscal year compared with 2007, the biggest mail volume decline in history has contributed to the agency's $2.8 billion loss for the year. That partly explains why shipping prices will rise 5% this month (a bigger hike than all shipping increases in 2008), with a stamp price jump to follow in May. The decline could also...
...think we now know that monetary policy has lost all traction. We're putting our faith in fiscal policy...
...suppose the one thing is, thank God for Larry Summers, in the following sense: when monetary policy has lost all traction, then your only hope is fiscal policy. The danger with fiscal policy is that they'd do too little, because we've spent the last umpteen years saying we've got to keep our deficit under control. This is not the time to worry about that. Until [Summers] came along, I was struck by how modest all of the stimulus packages everyone was talking about were. He's sort of the [John] Maynard Keynes of today. He says...
...could not share details on which programs would be affected because of the ongoing nature of the financial crisis. But he said that the school is considering “anything from cutting back on food and refreshments at meetings to freezing salaries of faculty and exempt staff for [fiscal year...