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Secretary Duncan: The Money Will Come Quickly

U.S. Secretary of Education Arne Duncan told reporters today that he plans to implement a "streamlined" application process for states and districts to snag their share of the $10 billion education jobs fund.

Duncan said he hoped to get the money out to districts and states "in a matter of weeks."

"We feel a huge sense of urgency to get this money out the door," Duncan said. But he said the money would not necessarily alleviate state and district financial woes.

"There's still unmet need out there," Duncan acknowledged. For "the vast majority of districts around this country, this is a major step in the right direction ... [but] many folks will still have to make decisions."

For an estimate of how much your state could get from the bill, take a look at the House Education and Labor Committee's estimates here.

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