$23 Billion Education Bailout Falters in Congress
A $23 billion payout to save thousands of educators' jobs faltered Thursday -- perhaps for good -- to election-year jitters among moderate Democrats over deficit spending and only lukewarm support from the White House.
The proposal's chief advocate in the House abruptly canceled a committee meeting to put the money in a war spending bill. Its lead sponsor in the Senate gave up trying to do it, acknowledging he lacked the necessary votes.
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