The largest domestic spending cut in U.S. history will upend almost every federal agency and slash programs dealing with healthcare, transportation and education, but will give the Pentagon an extra $5 billion, according to aides familiar with the negotiations, reports the Los Angeles Times. It preserves funding for some of President Obama's cherished initiatives, including the healthcare and Wall Street overhauls and his education program, Race to the Top. But four of the president's policy czars get the ax: healthcare, climate change, cars and urban affairs…

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About the Author:

Meris Stansbury

Meris Stansbury is the Editorial Director for both eSchool News and eCampus News, and was formerly the Managing Editor of eCampus News. Before working at eSchool Media, Meris worked as an assistant editor for The World and I, an online curriculum publication. She graduated from Kenyon College in 2006 with a BA in English, and enjoys spending way too much time either reading or cooking.