budget cuts

More than 1 million of America's poorest college students may have to take out bigger loans, find another way to pay tuition, or drop out in 2012, if Republican budget cuts are passed that shrink the government's Pell grant program. But supporters are mobilizing in an online rally Monday for "Save Pell Day."

The government of Minnesota has been essentially shuttered for a week since the governor and legislature failed to find a compromise solution for the state's $5 billion shortfall. But it's hard to imagine what it means to "shut down" a state of 5.3 million people. Here's what it means to them.

Massive layoffs were both a cause and a symptom of the recent recession, but job creation began to revive late last year. Unfortunately, in May, the U.S. added only 58,000 jobs, and layoffs may be on the rise again. This time, they're taking a particular toll on state and local government workers.

LDK Solar has long depended on demand driven by government subsidies from countries such as Germany, Spain and Italy, which makes it vulnerable in this period of European austerity. Trefis has revised its estimates for LDK Solar down -- but still meaningfully above the market price.

For the nearly 14 million Americans who want to work and can't find jobs, unemployment insurance is a vital lifeline. But how much help that lifeline is varies widely from state to state. We crunched the numbers to see which states are the best -- and worst -- places to be unemployed.

The Republicans are winning this year's budget battle: Discretionary spending will decrease. But this is hardly the time for the GOP to take a victory lap: Next, the GOP will have to lower unemployment and improve the average American's daily life -- two areas where the party has historically come up short.

For public libraries, it's the best of times and the worst of times: Usage is skyrocketing, but budgets are being slashed. What to do? A few thriller authors are stepping in -- and using their time and fame to help organize fund-raising events for libraries. The goal is to create a national movement.

American labor unions have been in decline for a half-century now. About the only large unions still growing have been those in the public sector. Until now. Cash-strapped states are attacking unions where it hurts by trying to strip them of the right to collectively bargain.

University heads are lobbying President Obama to preserve funding for the Federal Perkins Loan Program, which provides loans to low-income students. Perhaps, however, if universities focused more on keeping tuition costs down -- rather than building luxury dorms -- students wouldn't need to rely on federally guaranteed loans to go to college.

A parade of Republicans immediately lined up to attack the president's proposed budget this week, claiming the plan falls short of making a real difference. They're right. And that's good, because really deep reductions are the last thing the economy needs right now.