After being called back to Washington by Speaker Nancy Pelosi (CA), today the House voted 247-161 to pass a bill containing the $10 billion Education Jobs Fund. As we told you last week, the Senate has already passed the bill in their chamber, so the bill now heads to the White House for President Obamaâ€™s signature.The President and his Administration has lobbied in recent weeks for funding to save teachers’ jobs. At a press conference this morning, the President said, â€œ[T]oday weâ€™re trying to pass a law that will save hundreds of thousands of additional jobs in the coming year… If we do nothing, these educators wonâ€™t be returning to the classroom this fall. And that wonâ€™t just deprive them of a paycheck, it will deprive the children and parents who are counting on them to provide a decent education.â€
This money would aid states and school districts in avoiding teacher layoffs and hiring new staff. The Department of Education is estimating that the fund will save 161,000 educator jobs. For a state-by-state projection of how much money could be distributed and how many jobs could be saved, go here.