As a vote nears in Congress to lift the federal debt ceiling and stave off a financial default, education advocates are just beginning to take stock of what this will mean for K-12 education. And it's not at all clear.
According to news reports and congressional documents, the deal places 10-year caps on federal spending, including a $7 billion reduction in fiscal 2012 spending below current levels. (Fiscal 2012 starts on Oct. 1.) It would create a new congressional committee charged with finding $1.5 trillion in cuts over the next 10 years. If the committee doesn't do that, failure would trigger automatic cuts, or "sequestration" of funds across most agencies.
Start your workday the right way with the news that matters most. Learn more