President Obama sent the research community a valentine of sorts in his proposed 2012 federal budget. Sent to Congress on February 14, the budget was a pledge to fight for increased investment in research and education even as the president committed to a belt-tightening for most segments of federal spending.
The $3.7 trillion proposal allocates $147.9 billion to research and development in the coming fiscal year, which begins on October 1. That amounts to a small decrease from the 2011 fiscal year, after accounting for a projected 1.3 percent rate of inflation.
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