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Florida Atlantic Donation Sparks Outrage, But University Doesn't Budge

The university's new stadium will be named after a private prison company. The GEO Group gave FAU a $6 million gift that "delighted" the administration but prompted protests from students. Friday, university President Mary Jane Saunders said the deal was a "closed book," despite allegations of abuse at the company's institutions.

Can Detroit Be Saved?

Michigan Gov. Rick Snyder announced Friday that the state would be taking over Detroit's finances. But the intervention might not be enough to pull the city out of a $14 billion hole. It would be the largest municipal bankruptcy in the country, if it happens.

The Sequester That Wasn't Meant To Happen Begins

In the end, President Obama and other Democrats had less leverage than Republicans because of a fundamental asymmetry: Large federal spending cuts alarmed Democrats; Republicans, not so much.

Air Force Will Pay $50 Million To Service Gulfstream Jets

The U.S. Air Force will pay Gulfstream nearly $50 million to maintain its C-37 executive jets, in a contract announced the day before the federal budget was set to absorb $85 billion in automatic spending cuts.

Michigan Officials Take Control Of Detroit's Empty Wallet

With Detroit deep in the red, Michigan Gov. Rick Snyder has announced that the state will take over the city's finances, cut existing labor contracts and sell city assets. The business community and some residents applaud the move, but others fear a greater decline in already faltering city services.

Drought-Stricken Plains Farmers 'Giddy' Over Heavy Snow

More than 2 feet of snow hit the high plains this week, snarling travel and all but shutting down some cities. Despite those hassles, for farmers and ranchers, the snow brings some urgently needed moisture to their drought-stricken fields and pastures.