An update went out yesterday from the fed on sequestration for FY13. You might remember that this is the deal that Congress made: if they couldn't agree on a budget reduction plan, an automatic across the board (mostly) cut would happen. No agreement was reached last November, so sequestration kicked in.
What the Department of Education let us know yesterday is that those cuts will not kick in for FY13 funds. They will kick in for the 2013-14 school year, or for FY14.
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