Proposed House Budget Would Reduce Federal R&D By An Estimated $442 Billion or 19% Over 10 Years
On Wednesday, April 19, Speaker McCarthy unveiled the Limit, Save, Grow Act of 2023, which would establish a set of discretionary spending caps over the next decade through FY 2033, allowing for only sub-inflation increases in overall spending. These caps would have the effect of reducing base discretionary spending by over $3.5 trillion below baseline over that time.
As ‘Friends of FESI’ we want to see this new foundation set up from day one to successfully fulfill the promise of its large impact.
DOE has spent considerable time in the last few years focused on how to strengthen the Department’s workforce and deliver on its mission. The FY25 budget request looks to continue those investments.
The Administration has continued to push for further clean energy investments, but faces a difficult fiscal environment in Congress – which has meant shortfalls for many priority areas like funding for CHIPS and Science.
Dr. Onar’s work today will enable faster, more secure wireless charging for electric vehicle fleets, household appliances, and more.