Obama pushes turnaround plan for failing schools
President Obama seeks to close and reopen 5,000 failing schools over five years with new principals and teachers. Education Secretary Duncan says chronically underperforming schools need a fresh start and notes local districts hold closure power. The plan could mobilize up to 5 billion in federal funds for turnarounds and incentives tied to stimulus and budget proposals.
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Washington, D.C
Barack Obama
Arne Duncan
Obama
Duncan
Associated Press
White House forecasts budget deficit tops 1.8 trillion
The White House projects a widening deficit as economy underperforms. Deficit rises to over 1.8 trillion for the current year with national borrowing near 0.46 dollars per dollar spent, driven by recession, bailout costs, and stimulus.
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Washington, D.C
Wall Street
Barack Obama
Congress
Obama
Congres
Stimulus road funds favor counties with lower unemployment
An Associated Press analysis shows Obama's highway plan spends more per person in low unemployment areas, skipping needy counties like Elk County Pennsylvania. Riley County Kansas will receive about 56 million for a highway trust and historic farmhouse work while Elk County gets none despite 13.8 percent jobless rate. The study covers 18.9 billion in projects, about half of the total 38 billion for roads and infrastructure, and highlights how readiness and planning costs shift funds away from distressed communities.
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Washington, D.C
Barack Obama
Associated Press
Elk County
Riley County
Kan
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