Pharmaceutical & Life Sciences News

Medical Research Funding Increase Expected With New Budget Deal

July 23, 2019, 7:02 PM

Medical research funding is all but guaranteed an increase in 2020, after the White House and Congress reached an agreement on a budget, a research advocate says.

President Donald Trump and congressional leaders agreed July 22 to raise spending caps and suspend the debt limit until July 2021, a move that would avoid a default on federal payments and steep spending cuts, as long as both chambers can pass the measure and the president signs it into law. The measure would increase spending by $323 billion over the spending limits set under the Budget Control Act (Pub. L. 112-25...

To read the full article log in. To learn more about a subscription click here.