Word: budgeting
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...brief remarks today, Obama also hinted that he might not raise taxes on the wealthiest Americans until 2011, perhaps waiting until the Bush tax cuts on top earners expire in 2010. He said he would speak tomorrow about the need to slice from the federal budget spending programs that are no longer needed to help pay for the stimulus. And he noted that he would be receiving daily briefings from his economic team about financial developments...
...week later, MIT president Susan Hockfield released a formal letter outlining the university’s future financial plans. The letter stated that although MIT must make changes, the impact would be softened by three buffers—a balanced budget, the relate stability of endowment payments, and cash reserves...
Cushy government benefits are beginning to clash with the fearsome reality of explosive state and local deficits. "Towns are starting to fight back," says Edholm. "They're drowning, and they realize they have to do something about it." Many municipalities and a majority of states now face serious budget shortfalls, and declining tax revenues are likely to result from the onset of a recession. That may force some tough choices. "Falling tax receipts resulting from a steep recession could change the budgetary requirements of state and local governments," says Bos. "Whether that will have an impact on services or benefits...
Beantown Bound. Budget travelers between Boston and New York City are already well acquainted with the Fung Wah and Lucky Star "Chinatown" buses. But now there's the LimoLiner - it's not as cheap, but it's a lot more comfy. You'll get a seat aboard a 28-passenger luxury coach, with free Wi-Fi and a steward who offers blankets and pillows. One-way fares for the four-hour ride between the Hilton New York (1335 Avenue of the Americas; 212-586-7000) and the Hilton Boston Back Bay (40 Dalton Street; 617-236-1100) are usually...
Greyhound Goes Digital. If you're traveling from New York City to points other than Boston and trying to keep your T&E budget in check, it's now easier to purchase a ticket on Greyhound - the bus company has expanded it's e-ticketing network to New York State. Buy your tickets online and print them out at home; there's no need to stand in line at the station...