Word: fiscales
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...really very heartening that so many concerned citizens could act in such a conjoined and conscientious way,” Fash said. “It’s wonderful that Harvard can rise to the occasion even in our own fiscal crisis...
Princeton’s endowment shrank by 23 percent this past fiscal year—beating Harvard’s 30 percent loss—but the decrease was buffered by the school’s decision to finance its operating expenses using bonds and other sources of cash, rather than drawing on its endowment...
Managing Michigan's crisis is the state's governor, Jennifer M. Granholm. Talking recently with TIME in the parlor of her second-floor office in the state's capitol building, Granholm said that preventing a government shutdown before midnight Wednesday, the end of the state's fiscal year, "is going to require a level of cuts that people have not had before...
Along those lines, Republicans are expected to introduce a spate of amendments to this week's fiscal 2010 Defense Appropriations Act in the Senate. One will probably be a demand to have McChrystal testify before Congress - a move the Defense Department has so far resisted until after the Administration sets its policy. Other potential amendments include one to increase funding for troop training, an amendment expressing the sense of the Senate in support of troop increases and maybe even one expressly supporting McChrystal's recommendations. On the Democratic side, an amendment is expected, perhaps from Wisconsin Democrat Russ Feingold, that...
...Hanging over the debate are the hard facts of the U.S. government's grim fiscal prognosis. According to the CBO, federal spending on Medicare and Medicaid is projected to quintuple, from 4% of the economy in 2007 to 19% in 2082, if nothing changes. At the same time, the government is projected to run unsustainable deficits larger than the growth in the economy for the foreseeable future...