$5-bn plan for new medical research: Obama
Washington, October 01: The US will provide $5 billion in new grants for medical research, which will also create thousands of new jobs, President Barack Obama announced Wednesday.
The funds will come from the American Recovery and Reinvestment Act, as the $787-billion economic stimulus package passed in February is known, to “conduct cutting-edge research all across America, to unlock treatments to diseases that have long plagued humanity, to save and enrich the lives of people all over the world,” Obama said at the National Institutes of Health (NIH) outside Washington.