Bush administration sets rules for rigorous high school programs
The Education Department will endorse rigorous high school coursework as a prerequisite for certain new Pell Grant–funded college aid. Spellings proposed multiple options, including the State Scholars curriculum, AP and IB courses, and state-defined rigorous tracks, with reviews due by June 1. Grants start at fall offerings, totaling up to 4.5 billion over five years.
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Trustees warn Social Security and Medicare face growing insolvency
The trustees report shows Social Security funding running dry by 2040 and Medicare hospital insurance by 2018, with both programs facing unsustainable long term costs as 78 million baby boomers retire. Democrats accuse the Bush administration of overstating problems while Republicans say funding gaps are real and must be addressed, though major reforms seem unlikely before the elections.
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