CONGRESS APPROVES OMNIBUS SPENDING BILL

NIH funding will remain below pre-sequestration levels for the remainder of the year.

President Obama recently signed a bipartisan omnibus spending package, which eases across-the-board spending cuts known as sequestration in fiscal years (FY) 2014 and 2015 and provides some level of certainty to the federal budget for the next two years. The bill provides the National Institutes of Health (NIH) with a funding level of $29.9 billion in FY2014, a $1 billion (3.5 percent) increase over FY2013, post-sequester levels. However, the new funding level still falls more than $700 million short of restoring the $1.6 billion that was cut in March 2013 when sequestration took effect. Included in the NIH number is $4.923 billion for the National Cancer Institute (NCI), a $144 million (2.9 percent) increase over the FY2013 baseline.

 

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