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Obama budget's big education items: Preschool for All, college Race to the Top (+video)

President Obama's budget proposal gives the Education Department $71.2 billion in discretionary spending for fiscal year 2014. Preschool for All would be funded by a tax hike on cigarettes.

Obama budget: 5 big proposals
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With his budget proposal Wednesday, President Obama signaled once again that education – from early childhood all the way through college and career training – is a priority investment.

Education advocates have their chance to cheer now, but they know that many of their hopes may be dashed by a Congress that’s holding the purse strings tight.

The Department of Education would receive $71.2 billion in discretionary spending for fiscal year 2014. That’s up 4.5 percent from the 2013 funding before the “sequester” kicked in, but it doesn’t add to the deficit because of other offsets, the administration noted. Overall spending is increased by 2.5 percent in the $3.8 trillion budget.

 
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