College presidents urge Congress to avoid budget sequester

UNIVERSITY PARK, Pa. – Penn State President Rodney Erickson is among more than 150 Association of American Universities or Association of Public and Land-Grant Universities member presidents who signed a letter to President Obama and Congressional leaders urging them to avoid budget sequestration.

If Congress does not act, mandatory, across-the-board spending cuts, affecting scientific research and financial aid to students, would be enacted by January 2013. The letter asks U.S. leaders to prevent these cuts and reach “a major, balanced long-term deficit-reduction agreement that will reduce budget deficits, rein in the nation’s debt, and create economic and job growth.” The letter cited bipartisan support for maintaining investments in research and education, while reducing deficits and controlling the national debt. The letter can be found here.
 

Last Updated July 16, 2012