Yale Announces New Wave of Budget Cuts - Noah S. Rayman and Elyssa A. L. Spitzer, Harvard Crimson

Yale President Richard C. Levin announced Wednesday a new round of sweeping budget cuts as part of the university's ongoing efforts to close a $150 million budget deficit. In a letter to the community, Levin called for salary freezes for top administrators and a 2 percent cap on salary increases for faculty and staff. The Graduate School of Arts and Sciences will take a 10 to 15 percent reduction in the number of accepted students, and funding for research and undergraduate study abroad programs will also be affected.