In education circles, Tony Bennett is widely known as a hard-charging Republican reformer associated with Jeb Bush's prescriptions for fixing public schools: charter schools, private school vouchers, tying teacher pay to student test scores and grading schools on a A through F scale.
Bennett resigned from his post as Florida's education chief this morning when a controversy over the last of those things — the school grades — caught up with him.
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In New York City today, a victory for the Securities and Exchange Commission: A federal jury held former Goldman Sachs trader Fabrice Tourre liable on six of the seven counts against him. The SEC had accused Tourre of intentionally misleading investors about a mortgage-backed security just as the housing sector was beginning to collapse. The investment created huge losses.
House Republicans' plans to hold the line on federal spending and maintaining the cuts demanded by sequestration were thrown into doubt this week. Leaders abruptly pulled a transportation spending bill off the floor, prompting a rare public statement from the Republican chairman of the appropriations committee to lash out at the decision.