Institute of Medicine & National Academy of Engineering 
Observations on the President’s Fiscal Year 1999 Federal Science and Technology Budget 

In this report, the Committee on Science, Engineering, and Public Policy (COSEPUP) provides its observations on the federal science and technology (FS&T) portion of the president’s fiscal year (FY) 1999 submission. The FS&T budget (see box) reflects the federal investment in the creation of new knowledge and technologies and excludes such activities as the testing and evaluating of new weapons systems.