Aggregated data for fiscal year 2020 show the NIH and CDC collected a combined $63.4 million in royalty revenues under a business model that allows the NIH to grant technology licenses to the private sector.
President Joe Biden will unveil a federal budget totaling $6 trillion, according to documents seen by the New York Times. The splurge will further raise the US’ national debt and accelerate inflation.
WASHINGTON — The U.S. government’s budget deficit surged to an all-time high of $1.7 trillion for the first six months of this budget year, nearly double the previous record, as another round of economic-support checks added billions of dollars to spending last month.
President Joe Biden faced huge opposition after requesting a $715 billion budget for the Pentagon next year – an increase over former President Donald Trump's budget this year.
The details of Biden’s bloated spending package are so damning that even liberal-leaning fact-checkers have no choice but to agree with conservative criticisms.