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Obama targets colleges over tuition hikes

ANN ARBOR, Mich. -- President Barack Obama fired a warning at the nation's colleges and universities Friday, threatening to strip their federal aid if they "jack up tuition" every year. He vowed to give the money instead to schools showing restraint and value.

Obama can't proceed, though, without the OK from Congress, where the reaction of Republican lawmakers ranged from muted to skeptical....

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