Obama Unveils $1B Boost for Preschools, Including $55 Million from Disney

Obama Unveils $1B Boost for Preschools, Including $55 Million From Disney (ABC News)

It's a year-end present for tens of thousands of kids and early childhood education programs.

President Obama today is set to unveil a $1 billion package of new public and private funding for U.S. preschool programs during a White House summit to promote one of his favored domestic initiatives.

The Walt Disney Co., the parent company of ABC News, has contributed $55 million in “Disney Imagicademy” apps and books to help bolster pre-kindergarten reading programs, the company said.