April 30, 2018

Does the Long-Term Fiscal Picture Mean Trouble for Science and Innovation?

This week the Congressional Budget Office (CBO) released its latest report on the federal fiscal outlook through FY 2028

Why Does This Matter for R&D?

Just about all R&D is contained in the discretionary budget, which is the part of the budget Congress allocates annually through spending bills. While it can fluctuate year-to-year, R&D tends to remain a rather steady share of discretionary outlays, and rising or falling discretionary spending is usually a strong indicator of where the R&D budget is headed.

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