4/11/2013

President Barack Obama on Wednesday released his budget proposal for fiscal 2014, which would designate $142.8 billion for federal research-and-development programs and calls for additional funding to expand the Defense Department's Cyber Command. Total spending on R&D would increase 1.3% from 2012, which officials say is actually a decline in spending when inflation is factored in. Also missing from the budget is a program dedicated to the development of exascale supercomputers, an oversight that IDC analyst Earl Joseph says would give China a leg up in the design of high-end machines and processors.

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