Following a new report detailing how Wall Street sold toxic deals to school districts and municipalities that are costing communities billions in fees, interest and other payments, educators, parents, community members and local officials have joined together for a Day of Action in cities across the country.

A broad-based group of organizations has released "A New Social Compact for American Education"—a groundbreaking rethinking of accountability that replaces the current paradigm of "test and punish" with a focus on what is needed to support and improve teaching and learning.