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Secretary Chu Explains Energy Department's $27B Budget Request

Washington, DC
Tuesday, February 28, 2012

Energy Secretary Stephen Chu testified before the House Appropriations Committee about his department's $27.2 billion budget request Tuesday afternoon. This is a 3.2 percent increase over the department's enacted 2012 budget.

The request includes increases in funding for clean energy, research and development and advanced manufacturing. The $5 billion request for funding for the Office of Science is a more than 2 percent, or $118 million, increase over 2012 and promotes continued U.S. leadership in basic research.

Despite the overall increase, the budget cuts $4 billion annually by eliminating inefficient and outdated fuel subsidies. Additionally, the request focuses on fully utilizing existing facilities and infrastructure.

Updated: Tuesday, February 28, 2012 at 4:15pm (ET)

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Washington Journal (late 2012)