Officials at Boston University are bracing for impending cuts to research funding and financial aid after U.S. President Barack Obama signed the Budget Control Act of 2011 into law Friday as part of...

Many of us are still asking what this “sequester” really means. Here’s your answer: $85 billion in spending cuts are going to be implemented on Friday, with a potential of up to $1.2 trillion in...

After the deadline for sweeping spending cuts as part of the “fiscal cliff” was pushed from Jan. 1 to March 1, U.S. Secretary of Education Arne Duncan said the 10-percent, across-the-board cuts will...

Reacting to slow economic growth, the dangers of the fiscal cliff and unexpectedly low tax revenue collections, Mass. Gov. Deval Patrick outlined a plan on Tuesday to slash $540 million from the fiscal...