You might already know that the Budget Control Act of 2011 created a Joint Commission of Congress that is charged with identifying budgetary savings of at least $1.2 trillion over the next 10 years. If a joint committee bill is not enacted by Jan. 15, 2013, an automatic spending reduction process will go in to place. Sequestration, or the cancellation of budgetary resources, will take effect on Jan. 2, 2013. Based on what I have read, I believe sequestration will have a dramatic impact on the grants field.
The National Institutes of Health (NIH) already has stated that it expects fewer medical research grants, with approximately 700 fewer grant opportunities to be available in 2013. The National Science Foundation has stated up to 1,500 grant opportunities could be cut as a result of sequestration.
Education Secretary Arne Duncan presented testimony to the Senate Labor, Health and Human Services, and Education Appropriations Committee in July. He stated that sequestration would reduce spending on federal education programs by 7.8 percent. He said the following programs would be at risk:…Read More