The amount of total money spent on biomedical and health research fell by $4 billion, or 3 percent, between 2010 and 2011, mostly due to large budget cuts from federal sources, with a total budget of around $136 billion, according to the 2011 U.S. Investment in Health Research report, released by Research!America yesterday (October 25). Pending budget cuts as a result of sequestration threaten to knockdown research spending by up to another 10 percent—or $13.6 billion dollars—in 2013.
“Insufficient funding, coupled with deep budget cuts under sequestration, could be devastating for research,” Research!America’s chair John E. Porter said in a press release. “Our global competitiveness hinges on a robust investment that will support bright scientific minds, create high-quality jobs and provide a catalyst for private sector innovation.”
To read the full, original article click on this link: Skimping on Research Funds | The Scientist Magazine®
