The House has voted to restrict how Wall Street executives get paid after nine banks that took government aid rewarded thousands of their employees with bonuses topping $1 million each.

Some tough times ahead for the Richmond County School System as it gets ready to sign off on a budget that has some deep cuts. State law requires that the budget be balanced by June 1st. It has been a lengthy process with some hard decisions coming down from the Superintendent, and the Board of Education. Count on WJBF News Channel 6’s Renita Crawford for the story.

Facing a “critical shortage” of math and science teachers in Georgia, Governor Sonny Perdue sweetened the pot. The governor signed legislation Wednesday that boosts salaries for the in-demand educators. He was surrounded by students who took part in a robot creation competition.

It’s budget crunching time in Aiken County. The Aiken County Board of Education votes to reduce $9 million. WJBF News Channel 6’s Paige Tucker reports.

Tuesday night, the Aiken County School Board will meet with parents to explain the budget deficit, and discuss preliminary cuts. Then, board members say they’ll go behind closed doors, and discuss cutting salaries. WJBF News Channel 6’s Joy Howe has more.

School districts could furlough teachers, forgo some testing and increase class sizes under legislation up for debate by South Carolina lawmakers.

South Carolina’s top educator spent the day, Wednesday, explaining to lawmakers how the school system should handle the economy. Superintendent Jim Rex wants districts to be able to lower some salaries…and furlough teachers. K-12 education has lost more than $334 million this past year. He wants lawmakers to give districts more flexibility in how they spend state money.

The chief of South Carolina’s schools says districts should be able to lower some salaries, forgo some testing and furlough teachers during the economic crisis.

The Associated Press has learned that President Barack Obama is freezing the pay of the about a hundred White House employees who make over $100,000 a year.

Augusta’s Recreation and Parks Department is proposing shutting down eight of its operations to cut more than $700,000 from its budget. But, to find the savings, parks will close and jobs could be lost.