PBS NewsHour has an informative summary of what’s at stake in the fiscal cliff negotiations as it relates to education.
The aspect of the “cliff” that would impact education budgets most directly is sequestration — mandatory cuts to discretionary federal spending. The White House Office of Management and Budget estimates sequestration would reduce discretionary spending, which includes federal education money, by roughly 8.2 percent. But the effects those cuts would have on school districts and other education programs ends up being much more complex than that one figure suggests.
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