Obama will announce plans to increase federal funding for public schools in tonight's State of the Union address.
from the Washington Post:
The proposal to raise federal education spending by as much as $4 billion in the next fiscal year was described by administration officials Tuesday night as the start of an effort to revamp the No Child Left Behind law enacted under President George W. Bush. Obama will highlight his school reform agenda Wednesday in the address.
The funding would include a $1.35 billion increase in Obama's "Race to the Top" competitive grants for school reform. It would also set aside $1 billion to finance an overhaul of No Child Left Behind, according to aides who spoke on the condition of anonymity to describe the budget proposal before its release next week.

Very timely!!