The Trump budget cuts that could hurt the economy for a long time
Government
President Donald Trump sent shockwaves through the scientific community with his proposed budget that would slash federal spending on research and development by an unprecedented 23% — or $163 billion — in fiscal 2026. A broad range of experts are warning that those short-term savings will likely have serious long-term repercussions on the economy and harm the country’s global competitiveness. A recent study by American University set out to calculate just how damaging the budget cuts would be,
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