Agencies Prepare to Spend Stimulus Funds in Rapid Fashion
The American Recovery and Reinvestment Act (ARRA) signed by President Obama last week boosts the spending demands for several federal departments and agencies by a significant amount. For example, the National Institutes of Health (NIH) will be receiving $10.4 billion to spend on research activities, scientific instrumentation, and facility improvements. This compares to a FY2008 budget of almost $30 billion for NIH.