Obama to announce $250 million for math, science education

President Obama plans to announce today $250 million in funding for science and math education, using funding from universities, foundations and high-tech firms.

The initiative effectively doubles Obama's November announcement of STEM education support. Total funding now reaches about $500 million. John Holdren, director of the White House Office of Science and Technology Policy, said private and philanthropic help is essential to keeping the U.S. competitive in science, technology and engineering training. He told the Washington Post, "the government can't foot the whole bill for this."