[caption id="attachment_91468" align="alignleft" width="150" caption="Failure to reach an agreement on $1.3 trillion in budget cuts would leave education, agriculture, and environmental programs exposed to cuts of around 8 percent in 2013, CBO says."][/caption]

Federal education spending could be slashed up to 8 percent in 2013 if lawmakers can’t agree on debt-reducing measures soon, according to an analysis by the nonpartisan Congressional Budget Office.

Failure by Congress' debt-cutting supercommittee to recommend $1.2 trillion in savings by Nov. 23 is supposed to automatically trigger spending cuts in the same amount to accomplish that job. Still, the...

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