All articles tagged with #funding shortfall
Originally Published 2 months ago — by Reuters
The US federal court system is set to begin furloughs and reduce operations due to a funding shortfall caused by the ongoing government shutdown, leading to delays in civil litigation and financial strain on employees, while the Supreme Court continues to operate.
Originally Published 4 months ago — by NPR
The documentary filmmaking community faces significant challenges due to federal funding cuts, including the rescinding of the CPB's budget, leading to budget reductions at PBS and other organizations. Despite these setbacks, filmmakers and media organizations are exploring alternative funding sources and digital platforms to continue producing and distributing documentaries, emphasizing resilience and innovation in the face of financial adversity.
Originally Published 6 months ago — by The New York Times
Social Security faces a significant funding shortfall that could lead to a 23% reduction in benefits within eight years if Congress does not take action to bolster the program, which is projected to run out of funds by 2033. The shortfall is driven by demographic shifts, lower birthrates, and policy changes, with policymakers urged to implement phased reforms to ensure long-term sustainability.
Originally Published 1 year ago — by Gematsu
Humanoid Origin, the game studio founded by Mass Effect trilogy director Casey Hudson, is shutting down due to an unexpected funding shortfall. The studio, which was working on a multiplatform AAA game set in a new science-fiction universe, announced the closure in a LinkedIn post, expressing disappointment over not being able to complete their project and emphasizing their commitment to supporting their team during the transition to new employment.
Originally Published 1 year ago — by BNN Breaking
Despite investing in advanced Non-Intrusive Inspection (NII) technology to detect fentanyl at the US-Mexico border, Customs and Border Protection (CBP) is unable to utilize many of these high-tech scanners due to a lack of funding for installation. This impasse reflects the broader challenges in prioritizing national security and public health initiatives, as the opioid crisis continues to escalate. The standoff over funding not only hampers CBP's ability to curb fentanyl smuggling but also underscores the need for a comprehensive strategy and bipartisan support to confront the crisis.
Originally Published 2 years ago — by The Guardian
Scientists have developed two malaria vaccines after decades of research, with the World Health Organization (WHO) recommending the use of RTS,S two years ago and now backing the R21 vaccine. While the R21 vaccine is easier and cheaper to produce, it requires four doses for protection. Malaria cases have been on the rise due to various factors, including disruptions caused by the pandemic, insecticide and drug resistance, and a funding shortfall. The new vaccine is not a standalone solution but should be used alongside other measures. Ongoing research is focused on developing better vaccines and interventions, including mRNA malaria vaccines. The recent Nobel Prize awarded to Katalin Karikó and Drew Weissman for their mRNA vaccine work highlights the potential of this technology.
Originally Published 2 years ago — by The Hill
The Special Supplemental Nutrition Program for Women, Infants and Children (WIC) is facing a significant funding shortfall that could prevent it from providing assistance to its rapidly expanding caseload. WIC serves approximately 6.7 million women and young children, and evidence shows that it lowers the risk of infant mortality, improves brain development in children, and reduces obesity rates. Despite its success, pending appropriations bills propose draconian cuts to WIC, which would leave hundreds of thousands of people without access to the program. Advocates urge Congress to act immediately and ensure WIC has the resources it needs to support all current and prospective participants.
Originally Published 2 years ago — by MarketWatch
The chief actuary of the Social Security Administration, Stephen Goss, has identified rising income inequality as the primary cause of the program's funding shortfall. While factors such as declining birthrates and increased life expectancy have contributed, Goss argues that the significant change in income distribution between 1983 and 2000, with fast growth at the top and slow growth elsewhere, has disrupted Social Security's finances. The majority of income growth during that period occurred above the taxable maximum, reducing payroll tax receipts. To address the funding gap after 2034, Goss suggests either cutting benefits by a fourth, raising revenues by a third, or a combination of both. Proposed solutions include raising the maximum earnings subject to the payroll tax or eliminating the cap altogether.
Originally Published 2 years ago — by CNBC
Social Security beneficiaries in the U.S. may face a 20% benefit cut within the next decade due to a funding shortfall. Congress has the power to address this issue before the projected depletion date in 2034. Lawmakers have proposed different reform plans, including creating a new Social Security fund invested in the stock market and increasing payroll taxes for higher earners. However, progress has been hindered by political obstacles and lack of bipartisan agreement. Without action, Social Security beneficiaries are concerned about the potential impact on their financial security.
Originally Published 2 years ago — by NPR
The UN World Food Programme is facing a massive funding shortfall, resulting in reductions in food aid around the world. For every 1% cut in funding, 400,000 people are pushed further into hunger. The program has been cut by half, affecting approximately 20 million people. Rations have been reduced, and some people have been completely cut off from receiving food assistance. The situation is particularly dire in Afghanistan, where 8 million people have been cut from assistance, and another 2 million will be dropped soon. The lack of food assistance not only affects food security but also breeds instability, making it a national security issue. The executive director of the World Food Programme, Cindy McCain, expresses the heartache and frustration of not being able to help those in need. Despite the challenges, there are some success stories in Central America and in programs such as school feeding and cash-based transfers, but overall, there is a critical need for more funding to prevent starvation and promote stability.
Originally Published 2 years ago — by CNN
The UN's World Food Programme (WFP) has been forced to cut food assistance from 10 million Afghans due to a massive funding shortfall. This month alone, assistance has been cut for 2 million people, leaving only emergency aid for 3 million. The cuts mean that 1.4 million new and expecting mothers and their children are no longer receiving specialized food to prevent malnutrition. WFP estimates that over 36 million people in Afghanistan, around 90% of the population, lack sufficient food, as the Taliban takeover prompted the freezing of $7 billion in foreign reserves. The WFP urgently needs $1 billion in the next 6 months to feed 21 million people.
Originally Published 2 years ago — by ABC News
The World Food Programme (WFP) announced that it will have to remove an additional 2 million hungry people from food assistance in Afghanistan due to a significant funding shortfall, bringing the total number of people cut off from support to 10 million this year. The WFP will only be able to provide food assistance to about a fifth of the 15 million people in need. The Taliban's harsh measures, including prohibiting Afghan women from working at local and non-governmental organizations, have triggered international outrage and worsened the country's humanitarian crisis. The WFP urgently needs $1 billion in funding to reach 21 million people with lifesaving food and nutrition assistance.
Originally Published 2 years ago — by Yahoo News
The World Food Programme (WFP) announced that it will have to remove an additional 2 million hungry people from food assistance in Afghanistan due to a significant funding shortfall, bringing the total number of people cut off from support this year to 10 million. This means that only a fifth of the 15 million people in need will receive food assistance. The Taliban's harsh measures, including the ban on Afghan women working at local and non-governmental organizations, have triggered international outrage and further isolated the country. The WFP is now the last lifeline for many women and children, and the cuts will result in 1.4 million mothers and children losing access to specialized food designed to prevent malnutrition. The WFP urgently needs $1 billion in funding to reach 21 million people with lifesaving food and nutrition assistance over the next six months.
Originally Published 2 years ago — by The Associated Press
The $3.9 billion UN humanitarian appeal for Ukraine is less than 30% funded, leaving millions of Ukrainians in need of aid as they prepare for a second winter. The collapse of the Kakhovka dam has added to the challenges, with thousands of people left homeless and agricultural land destroyed. Lack of funding is hampering operations, making it difficult to reach targeted populations. The UN is urging donors to provide more support as the needs of the population continue to increase.