Crypto News: UK’s famed universities near a financial cliff

Tuition caps for domestic students and stubborn inflation have left UK universities financially struggling. Many have relied on recruiting higher-paying international students to fill budget gaps, but limits on immigration hamper that strategy. Schools are cutting services and closing entire departments, leaving students with overcrowded classrooms and fewer learning hours.

The impact of funding challenges goes beyond the school walls: These beloved local institutions are a critical engine of UK's economic growth and a source of soft power in the global war for talent, Helen Chandler-Wilde writes. Today on CityLab: Britain's Famed Universities Near a Financial Cliff

— Curtis Heinzl

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New York City's Fiscal Crisis That Never Was
The city council finalized a $112 billion budget that restores hundreds of millions of dollars in cuts that Mayor Adams once said were needed to address a $7 billion deficit.

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$9.1 billion

The cost of time lost to gridlock in New York City, the most-congested urban area in the world.

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