Today Reading is Fundamental, the nation’s largest children’s literacy nonprofit, celebrates its 45th anniversary with a party and story time for public school students at the Library of Congress. At 1:30 p.m., a live Web cast of the event is planned.

It would all be very celebratory if it weren’t for the fact that 2011 isn’t shaping up to be a healthy year for the group. Federal budget cuts of $25 million to RIF’s budget are basically gutting the organization.

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