Introduction / John Chubb and Tom Loveless -- Would smaller classes help close the Black-white achievement gap? / Alan B. Krueger and Diane M. Whitmore -- Exploring explanations for ethnic differences in voucher impacts on student test scores / Paul E. Peterson and William G. Howell -- Reducing...

Updates and expands the assessment of the long-term budgetary outlook, addressing such issues as the collapse of the congressional budgetary process and the threat posed by the termination of discretionary spending caps. Concludes with a look at how the nation's deficit will affect America now...