May 25, 2007

Congress Nears Budget Agreement

By JEFFREY BRAINARD

Congressional negotiators unveiled a budget blueprint last week for 2008 and beyond that would allow increases in spending above inflation for education and the physical sciences. The plan also calls for cutting at least $750-million from federal subsidies to student-loan companies over the next six years, money that Democratic leaders would like to divert to student aid.

Educators expect the Democrats will try to use the blueprint as a mechanism to wring much larger cuts from the

Digital or Print Subscription

Web Pass

Already have an account? Log In Now.