March 25, 2002 –
June 14, 2006
Federal research and development (R&D) funding priorities reflect presidential policies and national needs. For FY2007, R&D is requested at almost $137 billion of budget authority, about 1.8% more than enacted in FY2006. The FY2007 budget would fund three interagency R&D initiatives: networking and information technology; climate change science; and nanotechnology. The Administration is using performance measures for R&D budgeting, including the Government Performance and Results Act and the Program Assessment Rating Tool.