(CNN) – Lawmakers have known about this day since August 2011 – a day they say was never supposed to come – but nevertheless, it’s here. Starting Friday, the federal government is required by law to start cutting $85 billion from its budget over the next seven months, with a total of $1.2 trillion over […]
CLEVELAND, OH (WOIO) – The Cleveland School Board unanimously passed a good portion of the CEO’s budget recommendations at Tuesday night’s meeting — including laying off 508 teachers. The rest of the plan the was not voted on. They will vote on the remaining parts on May 4th. During the meeting Eric Gordon, CEO of the Cleveland […]
CLEVELAND, OH (WOIO) – CMSD CEO recommends staff layoffs, employee separation plan and facility relocation to address $66 million deficit. The Board of Education of the Cleveland Metropolitan School District is considering a number of options for addressing the district’s $66 million deficit, including recommendations in three key areas presented to them at the Board’s […]
The federal government recorded its worst monthly deficit in history in February, according to a preliminary report Wednesday from the Congressional Budget Office that said the deficit in fiscal year 2012 is already more than half a trillion dollars. The CBO’s figures show that despite repeated efforts to trim spending, the government has borrowed 42 […]