Education Week has the rundown on the brewing budget fight over federal education spending.
A measure that would slash the U.S. Department of Education's current budget by more than $5 billionone of the most significant cuts in the department's historywas lurching toward passage in the U.S. House of Representatives early Friday.
Approval would set up a fiscal face-off in the Democratic-controlled Senate. And, should a bill with severe cuts make it through that chamber, President Obama has pledged to veto it. The current temporary measure expires March 4, and failure to reach agreement on a new one could mean the first federal government shutdown in more than a decade.