KBIA

University of Missouri officials plan to make big cuts to an investment program in order to balance the books after a surprise cut in state funding.

The UM System says the Enterprise Investment Program’s budget will drop from $5 million to less than $3 million. UM System Vice President for Finance and Administration, Nikki Krawitz, said the year-old program helps bring University research and inventions to the marketplace.

Obama Visits Joplin

Exactly a week after Joplin was hit by the deadliest tornado to strike the U.S in decades, President Barack Obama visited the Missouri city to offer hope to survivors and promises of help. Obama took to the stage during the Joplin Community Memorial Service, delivering a message of hope and support.

Along with promises to help rebuild the devastated community, Obama honored some of Joplin’s “heroes,” whom he says acted swiftly – often at the expense of their own lives – to save those around them.

Reporting from KBIA's Nick Adams used in this report.

A day after being hired as the new University of Missouri basketball coach, Frank Haith held a press conference this morning at Mizzou Arena in Columbia, Mo.

The University of Missouri continues to grapple with the implications of the most recent incident of racism on its Columbia campus.

Updated at 3:08 p.m. Jan. 28, 2011 with comment from Erdman and Krawitz.

Reporting from KBIA's Courtney Flatt also used in this report.

Krawitz says 20 percent of the revenue generated form the tuition increase will be put into financial aid.

Tuition at the four University of Missouri campuses will increase for the first time in two years after a vote by the systems' Board of Curators.