Key Congressional Panel Endorses Obama's Higher-Education Agenda

President Obama's ambitious higher-education agenda moved a step closer to reality on Tuesday, as the U.S. House of Representatives education committee approved a bill that would end the guaranteed-student-loan program and use the savings to increase spending on Pell Grants, Perkins Loans, and community colleges.

The bill now heads to the House Budget Committee and to the floor, where lawmakers could pass the measure as early as next week.

While the president did not get