Is It Worth Racing to the Top?

California's among the states that have changed their laws to meet tonight's deadline for Race to the Top, President Obama's school-reform program. School districts are competing for some of the $4.3 billion federal dollars available if they encourage charter schools, evaluate teachers based on student test scores and give parents a bigger role. Despite the promise of money, not all school districts want to be part of the program. LA Unified does.

Segment image: Governor Arnold Schwarzenegger joins Senator Gloria Romero, State Superintendent of Public Education Jack O'Connell and State Board of Education President Ted Mitchell to hold a press conference where he signed California's Race to the Top application.