President Barack Obama is set to announce on Friday a competition for $4 billion in federal grants to improve academic achievement in U.S. schools, the Washington Post reported on Thursday.
Obama wants states to use funds from the competition, dubbed the "Race to the Top," to ease limits on so-called charter schools, link teacher pay to student achievement and move toward common U.S. academic standards, the Post said.
Charter schools receive public funding but generally are exempt from some state or local rules and regulations. They are operated as an alternative to traditional public schools.
"What we're saying here is, if you can't decide to change these practices, we're not going to use precious dollars that we want to see creating better results; we're not going to send those dollars there," Obama told the Post in an interview.
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