This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Illinoisans Brace For Federal Cuts, Furloughs

"I'm praying a lot," she said.

In Chicago, Lutheran Social Services Illinois is bracing for a $53,500 reduction in federal funding for mental health and substance abuse services, said Tim Sheehan, the nonprofit's executive director of behavioral health services. That means two case managers would lose their jobs, Sheehan said, and possibly the closing one of the agency's six "recovery homes" for sober alcoholics and drug-free addicts trying to re-enter the workforce.

Thousands of senior citizens could face losing their free, taxpayer-subsidized meals. Cuts could cost the state's senior nutrition program $764,000 over the next year, amounting to the equivalent of a quarter million meals served at senior centers and 670,000 home-delivered ones, said Chris Fulton of the Area Agency on Aging of Southwestern Illinois. That would affect roughly 10,000 people.



Diana Rauner, president of the Ounce of Prevention Fund in Chicago, said her nonprofit is trying to prepare for what the White House says would be the elimination of Head Start and Early Head Start services for about 2,700 Illinois children. The programs help low-income children from birth to age 5 get ready to enter school.

Rauner said her group, which serves 1,341 children through partnership with seven agencies, hasn't received any guidance from the government as to how much its funding is likely to be reduced.

"It's not just cold-hearted. It's stupid economic policy," Rauner said.

Research has shown that kids who have access to Head Start services are better students and are more likely to stay in school and go on to be productive adults. So, she argued, shortchanging the investment in Head Start now could have long-term implications.



The White House indicated earlier this week that money for research, financial aid and work-study programs would be cut, but there's head-scratching about just what that means.

3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs