Debt en PA Lowers Debt Limit, Increases Capital Spending Controls <p>With a unanimous vote, lawmakers in Harrisburg have taken the unusual step of lowering the state&rsquo;s ability to borrow money.&nbsp; The House and Senate approved a bill this week that reduces Pennsylvania&rsquo;s debt ceiling from $4.05 billion to $3.45 billion.&nbsp;</p><p>&ldquo;Under Governor Rendell the debt limit was increased five times and we felt we needed to reduce our debt service payments and reduce our overall debt,&rdquo; said House Majority Leader Mike Turzai (R-Allegheny).&nbsp;</p> Thu, 17 Oct 2013 17:02:06 +0000 Mark Nootbaar 18296 at Three Days Before Default: Things Get Messy <p>Congress is working through Columbus Day in hope of reaching a deal on the debt ceiling before the Treasury runs out of money on Thursday.</p><p>Over the weekend, Senate Democrats dismissed a compromise proposal by Senators Susan Collins (R-ME) and Joe Manchin (D-W.Va) that would have funded the government through March at current levels, raised the debt limit through Jan. 31, delayed a tax on medical device manufacturers and established income verification for people receiving subsidies to buy health insurance.</p> Mon, 14 Oct 2013 19:16:36 +0000 Tim Camerato 18123 at An Uncertain Future for the August Wilson Center <p>When it comes to the <a href="">August Wilson Center</a>'s current financial situation, cost and constructions fees caused “substantial debt” from the beginning, says Mark Clayton Southers, a playwright and former producer at the center.</p><p>Charlie Humphrey, CEO and Executive Director of Pittsburgh Filmmakers, says a problem the August Wilson Center faces now is that “nobody wants to fund debt” people want “to fund programs.”</p><p>Southers agrees that it's hard to fund a sinking ship and adds that some creative solutions are needed to gather enough funds to clear $7 million in debt. Fri, 04 Oct 2013 19:58:21 +0000 Nick Frost 17646 at An Uncertain Future for the August Wilson Center The High Cost of Higher Education <p><span style="line-height: 1.5;">&nbsp;&nbsp;</span>Student loans are now second to mortgages when it comes to personal debt.&nbsp; The average PA college student amasses $27,500 worth of debt. As college acceptance letters come in the mail, what do students need to consider when planning for their financial future? University of Pittsburgh Business Professor <a href=""><strong>Jay Sukits</strong> </a>joins us to talk about student financial planning and debt. Sat, 23 Mar 2013 01:00:00 +0000 Heather McClain 5133 at The High Cost of Higher Education