Advocates lament shrinking funds for medical research

The Hill's "Healthwatch" highlights a new Research!America report that shows declines in federal spending on medical research and development of 14% or more than $6 billion between fiscal years 2010 and 2011. The Hamilton Project addressed the declining spending on research development in a paper, "A Dozen Economic Facts About Innovation," which examines the role of innovation in driving the U.S. economy. Read the full paper here.