Obama announces largest science commitment in US history

Last week, US President Barack Obama announced "the largest commitment to scientific research and innovation in the American history." In his address to the audience at the 148th Annual Meeting of the National Academy of Sciences, Obama declared that the US government will devote more than three percent of the country's Gross Domestic Product (GDP) to research and development. "We double the budget of key agencies, including the National Science Foundation [...] and the National Institute of Standards and Technology. And my budget doubles funding for the Department of Energy's Office of Science ..."