Sequester Will Cut Billions From Research and Development Investment

Federally-funded research and development could lose hundreds of billions of dollars over the next decade if Congress fails to strike a deal avoiding the deep spending cuts scheduled to hit Friday as part of the budget sequester, according to a study.

The sequester deal calls for $1.2 trillion in federal cost cutting from 2013 - 2021. A slice of that sequestration pie -- $12.5 billion -- will come from cutting R&D spending by 8.7% in 2013 when compared to 2011 levels, according to the Information Technology and Innovation Foundation (ITIF).

ITIF went a step further by projecting the overall economic cost of the sequester's reduction in federally-funded research: somewhere between $203…
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