Engine Stalled: Sequestration’s Impact on NIH and the Biomedical Research Enterprise

Engine Stalled: Sequestration’s Impact on NIH and the Biomedical Research Enterprise projects the negative impact of the looming budget sequestration on our nation’s critical life sciences sector, should Congress fail to prevent the automatic, across-the-board spending cuts scheduled for January 1, 2013. The Congressional Budget Office has calculated that non-defense discretionary spending will be cut by 7.8 percent if sequestration takes effect.

KEY FINDINGS

• A 7.8 percent cut in funding for research supported by NIH would result in 33,000 fewer jobs across the U.S. and a corresponding $4.5 billion decrease in economic activity.