Tuesday, February 08, 2005

Bush Budget Cuts School Funding

For the first time in his administration, President Bush is proposing a net reduction in financing for the Department of Education, seeking to reduce its budget by about 1 percent, to $56 billion, for the 2006 fiscal year.
About $4.7 billion would be redirected from 64 education programs to finance other initiatives, mainly aimed at high school students, special education and college loan financing, according to the budget summary issued yesterday.

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