News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Sequester Cuts Could Hit Scientist Hard



3/1/2013 8:19:24 AM

An $85-billion across-the-board slash to funding for federal agencies and programs is set to take effect Friday (Mar. 1), and many of the nation's top science agencies will feel the blow. The cuts, known by the unwieldy term "the sequester," were designed as a last-ditch measure in case Congress couldn't reach a deal to reduce the federal deficit. The cuts were scheduled to take effect Jan. 2, 2013 — the so-called "fiscal cliff" — but Congress delayed them until this week. The cuts apply to both defense and non-defense programs. Non-defense agencies can expect a reduction in funding of about 5 percent, but since that applies to the entire year, it amounts to a cut of more like 9 percent, officials say.



comments powered by Disqus
 
 

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES