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MBTA Could Face a $421 Million Budget Deficit by 2024
Officials say several things are complicating the MBTA’s budget, including the Orange Line’s shutdown.
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Biden Announces $1.5 Trillion Drop in National Deficit
President Joe Biden announced Wednesday that his administration is on track to reduce the national deficit by $1.5 trillion in 2022, allowing the feds to pay down the national debt for the first time in six years.
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Biden Announces Plan to Boost Income Tax for Billionaires
President Joe Biden on Monday announced details of his 2023 budget proposal, which includes an income tax hike for billionaires.
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US Budget Deficit Eases to $165B in October, Down 42%
The U.S. monthly budget deficit fell in October as the government collected more taxes from individuals and corporations thanks to a much improved economy emerging from the coronavirus pandemic
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US Budget Deficit Hits $2.77 Trillion in 2021, 2nd Highest
The U.S. budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion in 2020.
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US Budget Deficit Hits Record $1.9 Trillion So Far This Year
The U.S. budget deficit surged to a record of $1.9 trillion for the first seven months of this budget year
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US Budget Deficit Jumps to Record $1.7 Trillion This Year Due to Rescue Packages
The U.S. government’s budget deficit surged to an all-time high of $1.7 trillion for the first six months of this budget year
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Loss of Housing, Dining Revenue Fuels UMass' $335M Budget Deficit
The loss of housing and dining revenue during the coronavirus pandemic is the major reason the five-campus University of Massachusetts system is facing a projected $335 million budget shortfall, officials said Wednesday. System President Marty Meehan told a trustees committee that it will be critical for the university to remain disciplined in its financial management to remain financially sound. “Just…
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What Has It Been Like To Lead A College During Covid?
At Worcester Polytechnic Institute, they’ve given 70,000 Covid tests and had only 20 come back positive. What’s working so well at WPI? What are the challenges ? The costs? And by the way, 1,000 kids have already applied for next year! A great conversation with WPI President Laurie Leshin.
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Awash in Red Ink: US Posts Record $3.1T 2020 Budget Deficit
The federal budget deficit hit an all-time high of $3.1 trillion in the 2020 budget year, more than double the previous record, as the coronavirus pandemic cut revenues and sent spending soaring
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No Federal Relief Leaves States, Cities Facing Big Deficits
The breakdown in negotiations for a new coronavirus relief bill in Congress means help won’t be coming anytime soon for budget-strapped state and local governments across the U.S. Governors, mayors and educators have been asking Congress to allocate hundreds of billions of dollars to help them deal with a sharp drop in tax revenue caused by the pandemic
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Coronavirus Relief Pushing US Deficits to Staggering Heights
One of the lasting legacies of the coronavirus pandemic will be staggering deficits in the United States