Word: deficit
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...currently in the early stages of the budgeting process that will lay the groundwork for the fiscal year ending June 2011. Despite the drastic measures taken last year to reduce a looming deficit, department administrators said they are looking to cope with further cuts in their allocated budgets...
...same token, let's not put all the blame on the PIIGS. The writing on the wall is Greek, but the message holds for much of Europe. There is too much deficit-spending and too little microeconomic reform throughout the continent, which is why the U.S. and Asia, both more flexible, will emerge more quickly from the Great Recession. In Brussels, Merkel grabbed leadership by insisting, "No, we won't!" Now, if she would only pull it off at home by prodding her resistant electorate toward long-overdue economic reform, with the cry of, "Yes, we should!" Alas...
Smith first announced that he would be forming the working groups at a town hall-style meeting in April 2009 as a way to involve faculty members in the monumental reduction of what was then a $220 million deficit...
...summer, several of the newly coined working groups had yet to meet, even as the deficit was slashed in half. Still, Smith reiterated their crucial role in the ongoing budgeting process...
Also at the meeting, Smith announced that the FAS deficit had fallen to $80 million—a drop of an additional $30 million from the planned upon $110 million...