Archive for February, 2013

Senate Rejects Stopgap Efforts

WASHINGTON - Squabbling away the hours, the Senate swatted aside last-ditch plans to block $85 billion in broad-based federal spending reductions Thursday as President Barack Obama and Republicans blamed each other for the latest outbreak of…

More: continued here

Federal spending cuts imminent; Senate rejects stopgap measures

WASHINGTON — Squabbling away the hours, the Senate swatted aside last-ditch plans to block $85 billion in broad-based federal spending reductions Thursday as President Barack Obama and Republicans blamed each other for the latest outbreak of gridlock and the administration readied plans to put the cuts into effect.

More: continued here

Confusion surrounds sequestration cuts

WASHINGTON — "It's premature for me to speculate." "There's not a lot I can tell you." "No communication from the federal government." "We've not yet received guidance." "It's very frustrating."

More: continued here

U.S. braces for billions in budget cuts

Sweeping U.S. government spending cuts totalling $85 billion begin taking effect Friday, slicing deeply into military and other programs in an unwanted move toward austerity that displays Washington's paralyzing partisan divisions.

More: continued here

MountainOne Financial’s merger of Hoosac, South Coastal banks to include layoffs, CEO says

NORTH ADAMS — MountainOne Financial Partners plans to lay off 20 employees, the majority at Hoosac Bank, as it merges Hoosac and South Coastal Bank under a single charter, President and CEO Thomas S. Leavitt said on Thursday.

More: continued here

EXCLUSIVE: Dimension Data cuts 33 staff in Australia

Dimension Data has made 33 redundancies in Australia earlier this week in response to a slowing local economy.

More: continued here