Well, there's a proposed cut in the president's budget for 2026 that's quite substantial, I think on the order of $17 billion. But for this year, the NIH is very far behind their spending goals. And so they're about $2.3 billion right now behind where they would normally be if they were spending the budget that was allocated for 2025. And this is going to set up a difficult situation towards the end of the year. (00:38–00:49)
CLAIM
Asserts that NIH is $2.3 billion behind its 2025 spending goals.
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