2024 NSF budget cut by 8% and $6.6B below 2022 targets, threatening US economic competitiveness in tech fields.

Congress' underfunding of the National Science Foundation (NSF) threatens US economic competitiveness, as it fails to meet the 2022 plan to invest billions more in basic research. The NSF's 2024 budget is cut by over 8% compared to last year, putting it $6.6 billion below the targets set in 2022. This underfunding risks the US's lead in critical technology fields, stifles innovation, and makes it harder to recruit skilled workers for the high-tech industry.

March 13, 2024
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