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News Roundup: Homeland Security Bill Moves; CBO on the Deficit

Posted May 23, 2013

News Roundup: Homeland Security Bill Moves; CBO on the Deficit

Yesterday the House Appropriations Committee approved the FY 2014 Homeland Security appropriations bill, after approving the Military Construction / Veterans bill the day before. Both bills passed on a voice vote. In the Homeland Security bill, the committee proposes $1.2 billion for the Department of Homeland Security Science & Technology Directorate, a decrease of $302 million below the request. President’s Request (PDF) included $714 million for construction of the National Bio- and Agro-defense Facility, while the current House bill provides $404 million.

According to a recent update, the Congressional Budget Office (CBO) projected the FY 2013 deficit at $642 billion, $200 billion below the CBO’s previous estimate and the smallest federal deficit since FY 2008. In spite of this new estimate, however, the odds for the two parties reaching a broad agreement remain slim, prompting a new warning from Standard & Poor’s, the credit rating agency that downgraded the U.S. credit rating in 2011.

R&D Budget and Policy Program Director Matt Hourihan recently appeared on the Healthcare Policy Podcast, to discuss R&D funding at NIH and elsewhere, international competitiveness in biomedical research funding, and sequestration. Listen here