President Obama Announces Recovery Act Funding for Groundbreaking Medical Research

Bethesda, MD - In a visit to the National Institutes of Health (NIH^*) campus, President Barack Obama announced $5 billion in grant awards under the American Recovery and Reinvestment Act of 2009 (Recovery Act) to fund cutting-edge medical research in every state across America. The more than 12,000 grant awards are expected to create tens of thousands of jobs over the next two years and are part of an overall $100 billion Recovery Act investment in science and technology to lay the foundation for the innovation economy of the future.