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FX.co ★ Economic crisis halts cosmic programs

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Forex Humor:::2013-05-01T11:50:00

Economic crisis halts cosmic programs

There was a strong backlash against Obama’s scaling the financing of space research down. Experts of the U.S. National Aeronautics and Space Administration fear that underfinancing may scuttle most of cosmic programs.
In recent years, budget allocations for space exploration have been reducing in volume. In 2014 the space budget is hardly expected to constitute $50 million.
Taking into consideration these changes, the U.S. is at risk of losing its ground as one of the world leaders in space exploration.
The crisis makes the authorities particularly diligent when it comes to funding new cosmic projects.
Despite that, the country’s government still supports the asteroid mission. The NASA is planning to park a near-Earth asteroid near the Moon to get minerals and water in 2025. NASA's budget for this mission is roughly $20 million.
All in all, NASA’s 2014 budget equals $17.5 billion, the Obama administration informs.

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