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The country’s economic quagmire has reached far beyond Wall Street to the hallowed halls of academe. Take for example recent news that Harvard University is planning “across-the-board†budget cuts. If the Ivy League school, which has a $36.9 billion endowment, is in trouble, imagine the situation at minority-serving institutions, whose endowments are a small fraction of Harvard’s.
THE PRESIDENT: Good morning. I decided not to bring Bo today — because he stepped on my economic speech yesterday. (Laughter.) Good morning. I know that April 15th isn’t exactly...
Today, on Tax Day, President Obama will meet with several working families, just like the ones all across America, who are facing tough choices during this economic crisis. President Obama...
Federal Reserve Chairman Ben Bernanke says he’s “fundamentally optimistic†about the nation’s economy, expressing confidence that the U.S. will pull itself out of its current financial rut during an address Tuesday at Morehouse College in Atlanta.
President Barack Obama today took center stage to provide a status report on measures his administration has taken to deal with the nation’s fragile economy. The speech was filled with...
