Ed.gov:

Education Secretary Arne Duncan today told a leading think tank that the Obama administration is changing the federal Title I program to aggressively drive reform in schools that need it the most.
Through the American Recovery and Reinvestment Act (ARRA) and the proposed 2010 budget, the administration is shifting billions of dollars into the Title I School Improvement Fund (SIF), which allows for bold strategies to help turn around underperforming schools and advance other key reforms.
The $13 billion for Title I under the ARRA includes $10 billion that is distributed by formula to schools with significant low-income populations and $3 billion for the SIF. The proposed 2010 budget also includes $1.5 billion for the SIF — almost triple the amount in the SIF in the 2009 budget, not including ARRA.
Speaking at the Brookings Institution in Washington, Duncan said, “Title I was set up to correct funding inequities — and that is important. But it really should be more focused on correcting educational inequities.”
The administration is also using the transparency requirements under the ARRA State Fiscal Stabilization Fund to challenge states and districts to turn around low-performing schools using Title I dollars. Specifically, states must identify the bottom five percent of their schools and report on how many have undergone reconstitution.

Molly Peterson has more.