Fiscal Cliff Threatens Research Funding, Education Grants, Leaving College Presidents Worried

NEW YORK — The looming fiscal cliff could mean colleges and universities around the country — both public and private — will lose billions of dollars they previously received from the federal government. As the deadline approaches, presidents of the institutions are nervously watching for a solution from Congress.”I’m very worried about it,” said James Barker, president of Clemson University in South Carolina. “It’s keeping me awake — honestly — it’s keeping me awake at night.”As detailed in a report released by the White House’s Office of Management and Budget, the sequestration’s 8.2 percent across-the-board cut for domestic discretionary programs and 7.6 percent cut for mandatory spending programs would impact several funding streams that are critical for universities, including sources of scholarship programs and research grants.Read More…
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Fiscal Cliff Threatens Research Funding, Education Grants, Leaving College Presidents Worried

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