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Debt Ceiling

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How Much Raising The Debt Ceiling Could Cost Indiana Schools If Deal Isn't Reached

The American Association for School Principals released a report Tuesday detailing how schools are bracing for the possibility of across the board federal spending cuts, writes Alyson Klein for Education Week: Of those surveyed, 69.4 percent are betting they’ll have to cut professional development, and 58.1 percent say they’d expect to cut enrichment, after-school, and [...]

Why The 'Automatic' Cuts Spurring The Debt Supercommittee May Not Be So Automatic

Committee members Sen. Max Baucus (D-MT) (L) sets his name plate up as Sen. Rob Portman (R-OH) (R) looks on during a hearing before the Joint Deficit Reduction Committee, also known as the supercommittee, September 13, 2011 on Capitol Hill in Washington, DC.

For the Congressional supercommittee, failure is not an option, right? President Obama said it himself, didn’t he? If the supercommittee doesn’t agree on budget cuts to reduce the nation’s deficit, $1.2 trillion in budget cuts — including $3.5 billion to federal education programs — would kick in automatically. Or would they? Jason Delisle, director of [...]

What Education Stands To Lose If The Supercommittee Doesn't Reach A Deal

Congressional Budget Office Director Douglas Elmendorf (center) waits to testify before the Joint Deficit Reduction Committee — aka the "supercommittee" — in Washington, D.C. on September 13, as two protestors hold signs.

Remember how we told you in August to circle November 23 on your calendar? What with November coming Tuesday and all, we thought we’d remind you that’s the day deep, automatic, across-the-board spending cuts kick in if the Congressional “supercommittee” charged with reducing the federal deficit doesn’t reach a deal. With the deal still, for [...]

Teachers Unions Among Top 100 Donors To Debt Ceiling Supercommittee

Morgan Stanley has donated more than $289,000 to the 12 lawmakers specially-charged with cutting the nation’s deficit, enough to place it at Number 33 on The Center for Responsive Politics’ list of the top donors to the so-called debt ceiling “supercommittee.” Who comes in one spot ahead at Number 32? America’s largest teachers union. National [...]

What The Debt Ceiling Deal Means For Education

Circle and star a new date on your calendars, political wonks: November 23, 2011. If lawmakers can’t agree on new cuts to discretionary spending by then, as they say they will under Sunday’s debt ceiling deal, then $500 billion in deep, across-the-board cuts kick in automatically — and education would be one of the specific [...]

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