Budget fight could cost PSU $30 million -- or more - ERIE TIMES-NEWS

Pennsylvania State University could see more than $30 million in funding cuts from the U.S. government sequestration, but it is too early to say exactly what lies ahead, university officials said. The $85 billion in across-the-board cuts started Friday. At Penn State -- where faculty are awarded grants from organizations funded by the federal government -- researchers and administrators face uncertainty. "This was supposed to be so onerous in prospect that it would be unthinkable to allow to happen," said Hank Foley, the university's vice president for research. "Well it is here -- it is onerous -- but it seems as though it is going to happen now." Foley said conservative estimates have the university losing $30 million to $40 million in funding from federal grants. http://www.goerie.com/article/20130307/NEWS06/303079930/Budget-fight-could-cost-PSU-$30-million----or-more