Most R&D agencies prepare for budget cuts in fiscal year 2006

摘要

The Bush administration's plan to reduce the federal deficit in half over the next five years would mean cuts in funding for most R&D funding agencies, with the steepest cuts coming in fiscal year (FY) 2006 after this year's elections. Only defense, homeland security, and space would be spared. A May 19 Office of Management and Budget (OMB) memo, which was leaked to the media in early June, told federal agencies to begin planning for budget cuts in most domestic programs. Although the FY 2005 budget process is proceeding at a snail's pace in Congress, federal agencies have already started formulating their FY 2006 budget requests.