Cuts News

If one of the numerous proposals to raise education funding, including Governor Jerry Brown's plan to temporarily increase sales tax and income tax don't pass this fall, Petaluma's largest school district will face a $1.7 million shortfall in the next school year and a $7.8 million shortfall in 2013.

THURSDAY, Feb. 9 -- People who suffer a rare type of fracture of the thigh bone while taking bone-building drugs known as bisphosphonates can cut the risk of a second fracture by discontinuing the medication, a new study says.

Groupon Inc., the largest daily-deal site, posted a fourth-quarter loss that analysts hadn't predicted, citing higher taxes in international operations.

City Council will hold a special meeting Wednesday evening at 6 p.m. to vote on a resolution to grant staff permission to explore options to cover a $500,000 to $1.2 million hole in the city's general fund which comes as a result of the dissolution of redevelopment agencies.A The deficit could mean permanently removing a yet to be filled fire ... (more)

Average rate on 30-year fixed mortgage hits record 3.87 percent; 15-year down to 3.14 percent.

Cuts to state Medicaid programs are in the news: A federal judge on Monday stopped cuts to California's Medicaid program, and state lawmakers in Nebraska are offering a bill to stop Medicaid cuts in their state.

We know it's easy to fall behind on the news. If you fell behind this week, here are five stories we think are worth paying attention to.

The latest casualty of the Great Recession may soon be the nation's elderly. Cuts in government payments for patient care and less construction of new nursing homes are already taking a toll.

SAN FRANCISCOStrong majorities of Californians favor Governor Jerry Brown's proposed tax initiative and oppose the automatic cuts that public schools will face if voters fail to approve the measure in November.

Pentagon press secretary George Little and Capt. John Kirby, Department of Defense deputy assistant secretary of media operations, discussed strategic priorities in the face of budget cuts during a conference call last week with members of the U-T Editorial Board.

The San Diego Unified School District budget for the next fiscal year will suffer cuts regardless of whether Gov.

JPMorgan Chase & Co. , the biggest and most profitable U.S. bank, cut the stock awarded to Chief Executive Officer Jamie Dimon 's operating committee 15 percent as the value of the firm's shares fell.

Vice President Joe Biden has cut his speech at a Reno high school short as a wildfire flares up nearby.