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Corporations pledge $100 million after White House meeting

from U.S.News & World Report

President Barack Obama met with a group of business executives at the White House to discuss ways to ensure a competitive workforce in the future. After the meeting, the executives committed more than $100 million from their companies to support educational programs. Two major initiatives make up the bulk of new money pledged. America's Promise Alliance, a coalition of more than 400 corporations led by former Secretary of State Colin Powell, committed to raise $50 million to reduce the nation's dropout rate by improving some of the lowest-performing K-12 schools. more

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