A Federal Reserve survey shows the U.S. economy held steady during the 16-day partial government shutdown, growing moderately in most regions from October through late November.More >>
A Federal Reserve survey released Wednesday found that the U.S. economy held steady during the 16-day partial government shutdown, growing moderately in most regions from October through late November.More >>
Thursday, October 17 2013 4:40 PM EDT2013-10-17 20:40:19 GMT
(RNN) - By passing a last-minute deal on the debt ceiling, and a 16 days-late deal on the government shutdown, Congress finally got back to doing its job. So, what now? Some people may see it as the timeMore >>
With a budget passed only until January, a debt ceiling deal through February and a bunch of days off for Congress until then, the country may be back in the same situation soon.More >>
Thursday, October 17 2013 5:27 AM EDT2013-10-17 09:27:22 GMT
A last-minute deal has been struck, allowing the federal government to avoid a shutdown. A shutdown would have suspended all federal government services deemed non-essential. All federally-funded museums,More >>
Congress has passed a bill to fund the government and lift the debt ceiling, avoiding default. More >>
Sunday, October 13 2013 6:52 PM EDT2013-10-13 22:52:24 GMT
WASHINGTON, DC (RNN) - Despite the WWII Memorial being closed, members of the Million Vet March have gathered in Washington, DC to protest the government shutdown – according to media reports. "We do notMore >>
Veterans gathered at the World War II Memorial in Washington, DC to protest the government shutdown.More >>
Saturday, October 12 2013 10:44 PM EDT2013-10-13 02:44:59 GMT
People nationwide have been unable to access welfare benefits through their EBT cards Saturday. Reports on the matter indicated the issue has no connection to the government shutdown.More >>
Xerox, which handles EBT systems in several states, said Saturday night the problem that prevented people from using their cards to shop has now been corrected. More >>
(RNN) - As the conference realignment carousel spins at a dizzying speed, the cost of changing leagues is adding up for universities.
On Monday, the University of Maryland voted to accept an invitation to join the Big Ten. That means a $50 million buyout owed to the ACC when they vacate, though ESPN reports the school will likely negotiate that figure down.
Maryland will officially begin Big Ten play in the 2014-2015 academic year.
"Maryland is a tradition-rich institution with a history of academic and athletic excellence. They're a great fit and we look forward to a great future," said James E. Delany, Big Ten commissioner.
Rutgers is also reportedly in talks to head to the Big Ten, which with 12 current teams not including Maryland, might want to finally consider upgrading its name.
The $50 million ACC buyout was upped from $20 million in September - with two institutions, Florida State and Maryland, voting against the increase.
Florida State's athletic director shot down conference realignment in May, telling the Orlando Sentinel "We're committed to the ACC," after rumors surfaced the school was considering a move to the Big 12.
While the university has had nothing to say on this round of conference realignment, many FSU football fans want the Seminoles to follow Maryland's lead and find a new home.
Because of a weak conference schedule - FSU and Clemson are the only ACC teams in the BCS Top 25 - and after a 1-point loss to N.C. State on the road, the 10-1 Noles sit behind several two-loss teams in this week's BCS. Among them are LSU and Texas A&M from the almighty, can-do-no-wrong-even-if-they-lose SEC.
While the Seminoles could have controlled their own national championship destiny by running the table, the fact that they lost in the ACC likely cost them a shot at the championship game.
While $50 million is a stiff penalty, it might be a check the Seminoles can't afford not to write.
Florida State will play a 6-5 Georgia Tech in the ACC Championship, thanks to 6-5 Miami self-imposing a bowl ban in hopes of fending off stiffer penalties expected to result from an investigation by the NCAA.
Regardless, the ACC has a hole to fill and according to CBS, the conference is considering Connecticut, Louisville, South Florida and Cincinnati as potential replacements for the Terrapins.
All that said, take your motion sickness pills. This carousel is just getting started.
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