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Obama to Offer $100 Million Job Skills Education Plan

President Barack Obama plans to announce a $100 million competitive grants program to help equip high school students with skills needed to compete for jobs in a global economy increasingly reliant on technology.

The program, called Youth CareerConnect, would award as many as 40 grants ranging from $2 million to $7 million each in the 2014-2015 academic year to schools that link up with higher educational institutions or employers, according to a White House fact sheet.