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To avert a shortfall next summer, the New York Power Authority, the agency that operates one-quarter of the state's power generation, is negotiating over sites for 11 small generators throughout the city, costing about $500 million.
The shortfall will make the US, and countries in Europe looking to import from America, increasingly dependent on Middle East supplies: "Yet there is a risk that Middle East investment fails to pick up in time to avert a shortfall in supply, because of an uncertain investment climate in some countries and the priority often given to spending in other areas".
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Ministers are leading a recruitment drive for computer scientists and hackers as they try to avert a potential shortfall in the number of skilled cyber security experts over the next decade.
For Democrats, it would mean agreeing to curbs on the unsustainable growth of Medicare and Medicaid spending, as well as tweaks to Social Security, to avert a big shortfall in 2037 and as a trade-off for Republicans' support on taxes.
Mr. Gaffney said the actions were needed to avert a $111 million budget shortfall next year.
A1 Plan to Curb Deficit Governor McGreevey of New Jersey unveiled a $23.6 billion spending plan that sought to avert a $5 billion budget shortfall by cutting aid to parks and universities, raising cigarette taxes and using one-time measures to increase revenue.
After warning for months that New Jersey faces the worst budget crisis in the nation, Gov. James E. McGreevey unveiled a $23.6 billion spending plan today that sought to avert a $5 billion budget shortfall by cutting aid to parks and universities, increasing cigarette taxes and using some one-time measures to increase revenues.
Legislators indicated that they would accept Mr. Huckabee's formula for averting a $56 million shortfall in the fiscal year that ends June 30 by transferring an equal amount from a half-dozen small state accounts into the larger General Fund.
David Cameron warned today that the Government's NHS reforms were essential to avert a £20 billion funding shortfall by 2015.
And did it really avert a calamity?
Negotiations to avert a takeover are ongoing.
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