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...presumably about falling receipts at the IRS caused by the poor economy that he recently identified 121 cuts in government spending programs which would save $17 billion. The most important unnecessary program that the Administration has discovered is the $6 million spent on The National Institute of Literacy. Also near the top of the list is $35 million for a long-range radio navigation system...

Author: /time Magazine | Title: Trying to Uncover the Hidden TARP Fund | 5/8/2009 | See Source »

...sergeant of community policing, said closing the substation was on the table due to budget cuts, although officers would continue to patrol the area and maintain security. The issue was first raised by local resident Edward A. Kotomori, who said he heard about the possibility from people near the Science Complex construction site. Joyce Radnor, another local resident, said she interpreted Mederos’ comments as suggesting that the substation would likely close. She and Kotomori said at the meeting that they were concerned that the lack of a substation would lead to slower police response times in the neighborhood...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Conflicting Reports on Substation | 5/8/2009 | See Source »

...Republicans and barely suppressed joy by Democrats. "I believe that many of [the banks] will be able to meet their capital needs, without further government capital," Federal Reserve Chairman Ben Bernanke told the Joint Economic Committee on Wednesday. Further, he said, Administration officials "don't think there's a near-term need" for more money from Congress. "That would be terrific!" chirped the committee's Democratic chair, Carolyn Maloney, of New York...

Author: /time Magazine | Title: Stress Tested: Has Geithner's Bank Confidence Game Worked? | 5/8/2009 | See Source »

...building—and the plans to use part of it as UC offices—45 Mt. Auburn is not at all the space students envision when they imagine the student center Harvard needs. Another coffee shop and some additional rooms available for rent are nowhere near the top of anyone’s priorities at the moment, and the UC should be no exception...

Author: By The Crimson Staff | Title: The Capital Campaign to Nowhere | 5/7/2009 | See Source »

...civilians had died, only Taliban. But after a high-level investigation, widespread protests and heavy pressure from President Karzai, the military revised the civilian death toll to 33. In the aftermath, McKiernan issued a directive that commanders in the field err on the side of caution when fighting near populated areas, opting for disengagement rather than hot pursuit...

Author: /time Magazine | Title: Losing Hearts and Minds and Lives in Afghanistan | 5/7/2009 | See Source »

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