April 15th, 2013

Sequestration gouges U of M and Mayo Clinic research budgets

By Logan Lafferty

Minnesota stands to lose tens of millions of dollars in federal medical research funds this year as a result of the congressionally mandated budget cuts known as sequestration. And while research directors at the University of Minnesota and the Mayo Clinic say they’ll muddle through the rest of the year, they warn that funding shortfalls will stunt some ongoing medical experiments and may derail promising projects that could save lives and alleviate suffering in the years ahead. “Sequestration is a problem,” Dr. Stephen Riederer, the Mayo Clinic’s chairman of research finance and a professor of radiology, said flatly.

 

Star Tribune by Dan Browning

Tags: budget cuts, Dr. Stephen Riederer, federal medical research funds, Finanical, Research, research budget, research finance, sequestration, Star Tribune, University of Minnesota

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