Ut-Oh!

http://www.telegram.com/article/20101110/NEWS/11100338/1237

NIH Fears Cuts In Research Funds
by Alex Wayne, Bloomberg News
WASHINGTON — Spending cuts proposed by the incoming House majority leader would reduce scientists’ chances of winning U.S. grants by almost half, demoralizing researchers and slowing drug development, the National Institutes of Health’s director said. Republicans taking control of the House next year would roll back funding to agencies including NIH to fiscal 2008 levels, according to a proposal by Rep. Eric Cantor, R-Va., who is likely to become the chamber’s majority leader. That would equate to a 4.3 percent, or $1.3 billion, cut to the agency’s $30.8 billion annual budget.