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Colleges Prepare For Automatic Federal Budget Cuts

Colleges and universities are bracing for steep spending reductions in student aid and research funding due to the looming sequestration process. Financial aid offices are scrambling to offset the drop. University researchers say they're already seeing delays in federal grant making.

The Last Word In Business

Renee Montagne and Linda Wertheimer have the Last Word in business.

Across-The-Board Cuts Make Sequester Uniquely Painful

Government agencies don't have much leeway when they plan for budget cuts that are scheduled to take effect at the end of the week. The sequester law was designed to make it almost impossible for the government to dampen the impact.

Deadline For Sequester Cuts Near

Usually when we come up to the edge of one of these deadlines there are 11th-hour negotiations, and the two parties manage to swerve away from the precipice at the last minute. What about this time?

Sequester Cuts Free Some Immigration Detainees

Reaction is coming in after the Obama administration's unusual move releasing immigration detainees due to budget cuts. An Arizona sheriff is blasting the sequestration gridlock for undermining the safety of local communities. Immigrant rights groups, however, say it shouldn't take a budget crisis to do what they think is right.

Americans Earn More Than Their Parents (With A Caveat), Study Says

Most Americans are earning more money than their parents, according to a new study from Pew's Economic Mobility Project. But that doesn't tell the whole picture: It often takes two incomes to surpass the one salary that was enough for the younger generation's parents.

At 85, 'Old-School' Politician Shows No Signs Of Quitting

Elected in 1956, Wisconsin state Sen. Fred Risser is the longest-serving state lawmaker in the country. He may not use Facebook, Twitter or email, but he's gotten a lot done over the years. Considered an "institution within an institution" by some, he was just re-elected for another four years.