CNN: $5 Billion in New Fed ARRA Grants

According to a news item today on the CNN Web site:

WASHINGTON (CNN) — 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.

President Obama and Health Secretary Kathleen Sebelius will announce research grants Wednesday.

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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