The story behind UC Berkeley's $150 million deficit - Kai Ryssdal, Marketplace

The University of California, Berkeley, will see a major budget overhaul in the next few years. That's in light of the news that the campus is facing a $150 million structural deficit — meaning the campus is spending more than it makes. Nicholas Dirks is chancellor at the University of California, Berkeley. He talked to Marketplace host Kai Ryssdal on how the campus plans to deal with the deficit. "Are we going to look at some of our smaller professional schools and ask whether or not they could work better together?" Dirks said. "Yeah, we're going to ask all of those questions." http://www.marketplace.org/2016/02/25/education/story-behind-uc-berkeleys-150-million-deficit