$250 million initiative for science, math teachers planned

President Obama will announce a $250 million public-private effort Wednesday to improve science and mathematics instruction, aiming to help the nation compete in key fields with global economic rivals. With funding from high-tech businesses, universities and foundations, the initiative seeks to prepare more than 10,000 new math and science schoolteachers over five years and provide on-the-job training for an additional 100,000 in science, technology, engineering and math. It effectively doubles, to more than $500 million, a philanthropic campaign for STEM education that Obama launched in November. Separately, the government spends about $700 million a year on elementary and secondary education in the STEM fields through agencies such as NASA, the National Science Foundation and the U.S. Education Department. But it's unclear how much federal spending can grow in a time of rising budget deficits. "There is a recognition we can't do everything," said John P. Holdren, director of the White House Office of Science and Technology Policy. "We really need all hands on deck from the private sector and the philanthropic sector because the government can't foot the whole bill for this."