Federal Finance Reform; California Losing Race to the Top

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The results are in, and California's a loser in President Obama's Race to the Top for education reform. We talk with the Superintendent of Public Instruction. Also, an update on today's "Day of Action," a national protest over school budget cuts and tuition increases that started in California. On our rebroadcast of today's To the Point, the taxpayer bailout of banks that were "too big to fail" was followed up with the promise of finance reform to protect consumers.  But a sweeping House measure is stalled in the Senate.  Are lobbyists destroying its chances with Democrats as well as Republicans?

Banner image: Secretary of Education Arne Duncan announces Race to the Top finalists