President Calls for Failing Schools to Close

WASHINGTON (AP) - President Barack Obama wants to see 5,000 failing schools close and reopen with new principals and teachers over the next five years.
    Education Secretary Arne Duncan says kids have only one shot at a good education. He told The Associated Press on Monday that chronically underperforming schools need a new start.
    The administration wants to spend $5 million to facilitate school turnarounds, which could translate to $1 million for every school that is closed and reopened. Much of the money is already approved: The federal school turnaround program gets about $500 million a year, and the stimulus legislation boosted funding to $3.5 billion. The various school districts themselves would have to actually order schools closed.