Looming cuts under the federal deficit-reduction law would endanger about 40% of the funding for new federal cancer research next year, according to a federal research official.
Dr. Harold Varmus, director of the National Cancer Institute and co-chair of the President's Council of Advisors on Science and Technology, told reporters Tuesday that his informal estimate of potential cancer research cuts is based on likely sequester effects previously mentioned by Dr. Francis Collins, director of the National Institutes of Health.
Like many other federal offices and agencies, the NIH is slated to undergo cuts due to requirements of the Budget Control Act, which aims to cut $1.2 trillion in federal spending over the next 10 years, beginning in January. Members of Congress and the Obama administration are expected to continue efforts to at least temporarily avoid the sequester cuts following the Nov. 6 elections.