President Trump’s budget proposal to slash federal research funding and end financial support for the arts could hurt the bottom line of colleges and universities that rely on those government dollars, Moody’s Investors Service said Tuesday.
The White House budget, released earlier this month, dials back discretionary funding for agencies that pour billions of dollars into higher education. If Congress passes the budget as proposed, Moody’s analysts say it would add financial stress to a number of colleges and universities.
Read more at The Washington Post: https://www.washingtonpost.com/news/grade-point/wp/2017/03/28/trump-budget-cuts-could-hit-research-universities-hard-moodys-warns/