budget cuts

(Newser) - Companies in Silicon Valley are slowing spending and stockpiling funds to prepare for a possible recession, with many startups raising safety-net cash from investors. Venture capitalists, who raised more funds last year than any year since 2001, continue investing, reports the Wall Street Journal, despite a recent survey that found...

(Newser) - States are getting better at making deadbeat dads cough up child support, but not much of the cash is getting to the kids, the New York Times reports. The money's been going to repay back welfare benefits instead. Almost half of states keep all the money; most others pass along...

(Newser) - A massive funding shortfall at the British Broadcasting Corporation could trigger unprecedented job cuts, reports the Independent. As many as 2,800 people—about 12% of the BBC's labor force—could lose their jobs. Officials at the BBC, which is financed by a $270 license fee paid by viewers, project...