(Bloomberg)--When it comes to America's more than 100 historically black colleges, the Bush administration is giving with one hand and taking back with the other.
President George W. Bush signed a law in September adding $85 million to the annual support of $238.1 million for Spelman College, Grambling State University in Louisiana and the other schools, saying it would help low-income Americans earn degrees and prepare them to compete for U.S. jobs. The Bush administration's new budget cuts aid to the schools by the same amount, angering Democrats who helped provide the money.
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