President Obama Promises Major Investment In R&D

By: Associated Press Email
By: Associated Press Email

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Monday, April 27, 2009

President Barack Obama is promising a major investment in research and development, with the goal of spending 3% of the nation's gross domestic product on scientific innovation.

The president will make the announcement in a speech Monday at the annual meeting of the National Academy of Sciences.

He says 3% of GDP would represent the largest commitment to scientific research and innovation in U.S. history and that it is time for America to lead again in the area of research and development.

The White House released excerpts of the president's remarks in advance of the speech.

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