Education Secretary Arne Duncan To Step Down, AP Reports

By Steve GoldsteinMarketWatch Pulse

Education Sec. Arne Duncan is going to step down after serving for seven years in the Obama administration, the Associated Press reported, citing a letter to staff from Duncan. Duncan will leave in December, and Obama is tapping Education Department official John King Jr. to act as acting secretary through the end of his term, the report says. But Obama is not nominating King to be secretary.

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