Follow us on our tour through the arcane art of revising the U.S. gross domestic product
The fast-food business model just suffered a blow, and it could change everything from unionization to wages
Observers expect more GOP-controlled statehouses to find politically palatable ways to expand health insurance for the poor
Twitter's results weren't that much different from last quarter's. The big difference: expectations
A closer look at five of the 81 indicators that researchers use to rank nations in the Global Innovation Index
The chain is exploring opportunities in craft beer and making a greater emotional connection with diners
After Virginia Tech and Miami of Ohio shut down their regional full-time MBA programs, who’s next?
Cities including Seattle and San Diego are eyeing higher wage floors
Rank: 9 (No change)
Budget gap (as a % of the total budget): 12.80%
Total gap: $2.2 billion
Gap before budget was approved: $1.2 billion
Additional midyear gap: $974 million
Governor Timothy Kaine, who has already made major cuts to university and community-college funding, said that the state's shortfall in its two-year budget could triple, to about $3 billion, if the economy's rapid decline continues. Kaine's plan also calls for slashing 1,500 state jobs and increasing the cigarette tax. Tax revenues are down partly because of the falling real estate market and drops in retail sales revenue.