William C. Dudley, chief economist at Goldman Sachs, said he was seeing "a pretty sizable shortfall relative to expectation".
And while the $2.6 billion represents a sizable shortfall for a department with an annual budget of about $3 billion, the money problems have been accumulating for several years.
AS governments large and small face sizable budget shortfalls, policy makers are looking for ways to raise tax revenue that will do the least harm and, perhaps, even a bit of good.
The long-term outlook for Social Security currently shows a sizable deficit as well, leaving little room for some kind of program expansion that might cover retirement income shortfalls.
Paul convention host committee, helping it close a more than $10 million budget shortfall in a matter of weeks by writing a sizable check himself, getting his mother, who hails from Minneapolis, to do so as well, but also soliciting numerous large contributions from his circle of wealthy friends.
The government has raised its market borrowing for this fiscal year by a sizable 53,000 crore Indian rupees (530 billion rupees or about $10.8 billion), citing a shortfall to the National Small Savings Fund and a weak cash position (Financial Express).
And his firm took a sizable position in a company that makes slot machines, an area he argues will show tremendous growth as more states hope to address fiscal shortfalls through gambling.
The shortfalls are everywhere.
The shortfalls swept the nation.
