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Thursday, February 5, 2009

FY 2008 Data Show Downward Trend in Federal R&D Funding

From the National Science Foundation:

"The most recent data from the National Science Foundation (NSF) show a $3.5 billion decline—from $116.7 billion in FY 2007 to $113.2 billion in FY 2008—in federal funds obligated for research and development and R&D plant (facilities and fixed equipment). Adjusted for inflation, the data reflect a 4.8% decrease in R&D and R&D plant obligations."