With the release of President Barack Obama's budget this week, much of the media attention has been focused on what the president hopes to do with the No Child Left Behind Law as well as his Race to the Top program. Few journalists have the luxury these days to focus exclusively on early childhood education, but those who do might want to spend some time on the website of the New America Foundation and click on the Early Ed Watch blog.

Early Ed Watch points out that Obama's priorities offer a stark contrast to budget cuts that are part of life in tough economic times, with significant boosts to an array of programs, including $989 million for Head Start. The president has also proposed another $1.6 billion for federally funded child care programs.

So what will a potential new infusion of cash mean in local communities and cash-strapped states that have cut back on pre-kindergarten and other early childhood programs? And what will other proposed changes and consolidations of early learning programs mean? The New America Foundation has come up with a list of key questions that should be a useful jumping off point as the budget battles begin to unfold.