As state and local governments slash spending and federal stimulus dries up, school budget cuts for the next academic year could be the worst in a generation.
Chinese President Hu Jintao and President Obama met Monday in the margins of the two-day summit on nuclear security. US-China relations have endured several months of tense disagreements.
In his weekly address, President Obama highlighted healthcare and college-loan legislation. But the new laws' partisan push by Democrats could come at a political price, the GOP hopes.
It’s still in flux whether Democratic leaders have the 216 votes needed for passage of healthcare reform. Some lawmakers have announced they'll vote 'yes,' while others have shifted to 'no.'
Cutting deals to nail down votes is under way leading up to a House vote on healthcare reform. Trust that promises will be kept is key, but it's been eroding between House and Senate this session.
Even if lawmakers approve healthcare reform legislation, it's a partial fix, say forecasters. With or without reforms, the America's healthcare spending will rise sharply over the next decade, demanding more cost containment measures.
President Obama has created a National Commission on Fiscal Responsibility and Reform to help balance the federal budget by 2015. But few are optimistic about its ability to make substantial cuts.
Education Secretary Arne Duncan announced Thursday that 15 states and the District of Columbia are finalists for Race to the Top education grants. The winners will be chosen in April.