UMass' Caret: "Fiscal Cliff" Would Hurt Research

Ann McClure's picture

University of Massachusetts President Robert Caret is warning that the university system could lose nearly $32 million in federal research dollars next year if the country heads over the so-called "fiscal cliff."

Caret cautioned members of the university's board of trustees Wednesday about the consequences if Congress and President Obama fail to reach a deal to avert automatic cuts to defense and domestic programs.

Caret said federal agencies that finance the university's research — including the National Institutes of Health and the National Science Foundation — could lose more than 8 percent of their funding.

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