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NIH to Significantly Reduce Funding for Indirect Cost Rates for Grants
The National Institutes of Health (NIH) late Feb. 7 issued supplemental guidance that updates negotiated indirect cost rates for new and existing NIH grants. Specifically, the agency will apply a straight 15% indirect cost rate across all new and existing grant awards.
Administration Rescinds Memo Pausing Federal Grants, Loans and Other Financial Assistance Programs
The White House Office of Management and Budget Jan. 29 rescinded a memo it issued two days earlier directing federal agencies to temporarily pause federal grants, loans and other financial assistance programs implicated by President Trump’s recent executive orders.