Lisa's Feed
Jul 15, 2011

Schooled in austerity, students reluctantly borrow

WASHINGTON (Reuters) – When Emi Young decided to attend Pomona College in California a few years ago, she broke with a tradition as closely associated with U.S. universities as fraternity parties and cramming for final exams.

Young did not take out one dime of student loans.

Moreover, she preferred Pomona to other schools because it does not include loans in the financial aid packages offered to students, solely supplying grants and student employment.

Jun 30, 2011

Public pension investments up, reforms afoot

WASHINGTON (Reuters) – Investments made by public employee retirement systems are rising in value, Census data showed on Thursday, but the gains will not close their shortfalls or end the nationwide fight over revamping them.

Total holdings and investments at the 100 largest public retirement systems grew 3.6 percent, to $2.7 trillion, in the first quarter of 2011 from the final quarter of 2010, the Census said. That marked the third straight quarter of growth.

Jun 28, 2011

US state, local budgets closer to recovery -report

WASHINGTON, June 28 (Reuters) – State and local governments
brought in record first-quarter revenues this year, according
to a U.S. Census Bureau report released on Tuesday that offered
a sign their budget crises may be abating.

Total state and local revenues for the first quarter
reached $321.6 billion, a 4.7 percent rise from the first
quarter of 2010 and the highest level on records going back to
1988. It marked “the sixth consecutive quarter of positive
year-over-year growth,” the Census said.

May 25, 2011

Education grants made available for nine states

WASHINGTON (Reuters) – Nine states will be eligible to compete for education grants of up to $50 million through President Barack Obama’s “Race to the Top” program, the federal government said on Wednesday.

The states — Arizona, California, Colorado, Illinois, Kentucky, Louisiana, Pennsylvania, New Jersey and South Carolina — were picked in the third round of grant competition after they failed to win funding in their first two tries.

May 25, 2011

Education grants made available for 9 U.S. states

WASHINGTON, May 25 (Reuters) – Nine U.S. states will be
eligible to compete for education grants of up to $50 million
through President Barack Obama’s “Race to the Top” program, the
federal government said on Wednesday.

The states — Arizona, California, Colorado, Illinois,
Kentucky, Louisiana, Pennsylvania, New Jersey and South
Carolina — were picked in the third round of grant competition
after they failed to win funding in their first two tries.

May 25, 2011

Americans want to “keep Medicaid as it is”: survey

WASHINGTON (Reuters) – More than half of Americans do not want Medicaid funding cut and are skeptical of changing how the federal government funds the healthcare program for the poor, according to a Kaiser Family Foundation survey released on Wednesday.

Currently, states administer Medicaid with partial reimbursements from the federal government. The healthcare reform law passed last year made more people eligible for the program and also increased some rates of reimbursement.

May 20, 2011

States seek to escape rising prison costs

WASHINGTON (Reuters) – States have been shackled for years by the rising cost of keeping inmates in prison. Now they are planning a getaway.

In the final stretch of approving budgets for the next fiscal year, many statehouses want to save money by changing incarceration policies and closing prisons. Florida is set to bring in more private contractors to run its prisons while Ohio and Louisiana consider selling theirs.

May 20, 2011

Jailbreak: U.S. states seek to escape prison costs

WASHINGTON, May 20 (Reuters) – U.S. states have been
shackled for years by the rising cost of keeping inmates in
prison. Now they are planning a getaway.

In the final stretch of approving budgets for the next
fiscal year, many statehouses want to save money by changing
incarceration policies and closing prisons. Florida is set to
bring in more private contractors to run its prisons while Ohio
and Louisiana consider selling theirs.

May 18, 2011

Build America Bonds sellers saved billions-Treasury

WASHINGTON, May 18 (Reuters) – U.S. state and local
governments that sold Build America Bonds, the taxable debt
created in the federal stimulus plan, “realized considerable
savings,” a Treasury official said on Wednesday.

Treasury found that issuers of the bonds, which paid them
federal rebates equal to 35 percent of interest, saved $20
billion, said John Bellows, acting assistant secretary for
economic policy.

May 10, 2011

US appeals court questions Obama healthcare lawsuit

, May 10 (Reuters) – A U.S. appeals court on
Tuesday sharply questioned whether the state of Virginia could
challenge President Barack Obama’s signature healthcare law,
which requires Americans to buy insurance in a bid to slow
healthcare costs.

The Obama administration is trying to save the individual
mandate after a Virginia federal judge agreed with the state it
was unconstitutional and struck down that part of the law.