NEW YORK (GenomeWeb News) – The Federation of American Societies for Experimental Biology wants the Obama Administration to put $32 billion in its 2015 budget, a sum that would help the agency make up for what it lost due to federal spending cuts over the past year.

FASEB said increasing NIH's budget to $32 billion for next year from the $29.9 billion the agency received this year would fully restore the funding that was lost due to the sequestration, which cut 5.5 percent out of the agency's funding, or $1.55 billion.

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