Obama to announce $5 billion in research grants

President Obama, in an effort to stimulate the economy and support critical research, will announce $5 billion in grants when he visits the National Institutes of Health on Wednesday, according to an administration official. The money, which comes from Recovery Act funds, is aimed at supporting “12,000 critical research projects — and tens of thousands of jobs associated with them, ranging from teachers and lab technicians to database managers and scientists,” the official wrote in an e-mail.

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