How education fares if debt supercommittee fails
Failure of the congressional supercommittee tasked with reducing the federal deficit by at least $1.2 trillion could lead to across-the-board budget cuts, which would have a serious impact on already-distressed public education funding.
The Congressional Budget Office has projected what could happen to public education if the trigger is pulled and across-the-board cuts kick in in January 2013. There are new reports that the supercommittee is getting ready to admit that its Republican and Democratic members couldn’t compromise after several months of negotiations — this after Congress itself couldn’t reach an agreement.
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