10/15/2012 09:35 am ET

University Of Iowa Officials Worry Federal Research Money May Be Endangered By Budget Cutting

Getty Images

IOWA CITY, Iowa — The University of Iowa's top research administrator says he's not keeping one eye on federal budget talks.

"Both eyes," vice president for research Jordan Cohen said. "We watch it really 24-7."

A report released last week from the Congressional Budget Office showed the federal government spent $1.1 trillion more than it took in during fiscal 2012. As policymakers face pressure to cut the budget deficit, they could look to the billions the federal government spends each year on research projects, many of which are on university campuses.