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Steep cuts in research funding and the elimination of some programs in President Trump’s budget blueprint would be a credit negative for the higher-education sector, according to a report released on Tuesday by Moody’s Investors Service.
In the "skinny budget" released this month, President Trump called for a $9-billion cut at the U.S. Department of Education, reductions at academic research agencies such as the National Institutes of Health and the National Science Foundation, and the elimination of several programs aimed at helping low-income and minority students.
"The budget proposal signals reductions as well as potentially large shifts in the administration’s research-funding priorities,” Susan Fitzgerald, an associate managing director at Moody’s, said in a news release.
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