Federal funding of academic science and engineering research and development (R&D) failed to outpace inflation for the second year in a row, according to recently released fiscal year (FY) 2007 data from the National Science Foundation (NSF).

The data from NSF's Survey of Research and Development Expenditures at Universities and Colleges showed an increase in federally funded expenditures of 1.1 percent in current dollars to $30.4 billion, but after adjusting for inflation, the ...