Although the shoutin’ is only about to begin, Senators Patty Murray and Paul Ryan announced a bipartisan budget agreement that would role back the FY14 sequester, which would be a huge relief for the NIH.
As required by the Budget Control Act of 2011, the FY13 sequester imposed mandatory 5.1% across the board cuts, and the FY14 sequester was set to increase these cuts to 7.4%. With the pending budget deal, discretionary spending would be capped at $1.012T instead of $967B (vs $986B in FY13). Of course, academic medical centers won’t necessarily be cheering the extension of the 2% cut to Medicare providers.
For historical perspective, discretionary spending in FY12 was $1.285T, a drop from $1.347T in FY10 and FY11; in FY06, discretionary spending was at $1.016T. In other words, Congress would still be defunding the NIH in FY14.
Details on the NIH appropriation to follow as the sausage is made.