Oct. 2, 2008 | In the wake of the sale of its banking operations to Citigroup this week, Wachovia Bank has limited the access of approximately 1,000 colleges and universities to $9.3 billion Wachovia has held for them in a short-term investment fund. This action has led to worries on campus about meeting payroll and other obligations.
Sept. 29, 2008 | Congress has approved a stopgap funding measure this week that includes a few provisions of interest to colleges and universities. The bill, called a Continuing Resolution (CR), will provide funding at FY 2008 levels for continued government operations into March 2009.
