Harvard's deficit soars to $34 million and finance officials plan better cost management

  • by: RODRIQUE NGOWI , Associated Press
  • Updated: November 9, 2013 - 12:35 PM

BOSTON — Harvard University finance officials are pledging to manage costs better and pursue innovative revenue strategies after its deficit soared to $34 million in the most recent fiscal year, compared to a $7.9 million shortfall the previous year.

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