Education Secretary Outlines Grim Consequences of Looming Budget Cuts

Looming budget cuts would end financial aid for thousands of students and force the U.S. Department of Education to slice payments to contractors that administer the federal student-aid programs, Secretary of Education Arne Duncan told members of Congress on Thursday.

In a hearing before the Senate Appropriations Committee, Mr. Duncan said that "sequestration"—the across-the-board spending cuts that are scheduled to take effect on March 1—would slash Federal Work