When President Barack Obama took office, he pledged to revitalize an economy in the midst of the deepest recession in a generation. Working with Congress, he acted quickly to enact an $878 billion package to stimulate the economy in the American Recovery and Reinvestment Act (ARRA). More than $100 billion of that will be for education, spanning…

House Democrats recently unveiled draft legislation for the American Recovery and Reinvestment Act of 2009. Widely touted as an economic stimulus package, the $825 billion draft legislation included as much as $142 billion for education. This includes the creation of a $79 billion State Fiscal Stabilization Fund to assist state governments in…

Guarded optimism about the future of American higher education is expressed, despite a slowing of growth in social services, a temporary period of consolidation, and a prediction of unforseen events. An underlying stability in higher education suggests considerable continuity in the next decade. (MSE)