The failure of Congress to pass a budget is being felt by the poorest Americans, as cuts to subsidized housing groups continue. The Budget Control Act, commonly known as the sequester, has slashed a trillion dollars in federal funding to public programs across the board. The New York City Housing Authority, (NYCHA), the nation’s largest […]
U.S. sequestration cuts have hit, and some organizations are feeling it more than others. Nonprofit hospitals, which are already on fragile financial ground, started out this month dealing with the 2 percent cut from Medicare reimbursements, which will likely lower their already modest revenues. Nonprofit hospitals differ from government owned public hospitals and privately owned […]