Senator Hagan asks Secretary Duncan about Financial Literacy in Department of Education's Blueprint for Reform

Posted by: Kathy

Secretary of Education Arne Duncan was on Capitol Hill all day today, in hearings to Reauthorize ESEA (formerly known as No Child Left Behind); in the Senate Committee on Health, Education, Labor and Pensions (watch the video on this important education subject) and in the House Education and Labor Committee.

The blueprint for the Elementary and Secondary Education Act is a slender, for Washington, 45 pages. Here's Duncan's written testimony.

Kay Hagan (whose staff I met in October about S.1339, on Financial Literacy) asks a very direct question about Financial Literacy in the DoE Blueprint. Her question, at 120:00 on the video above, ties college-readiness and career-readiness to financial literacy of students. His reply, at 121:54 on the video, demonstrates his earnest commitment, personally and in dollars, to financial literacy.  He refers to a bucket called a Well-Rounded Education, $265 million to improve instruction in many subject areas, explicitly including Financial Literacy. See page 25 of the Blueprint.

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