From a breaking news article from the journal Nature, it looks like the National Institutes of Health (NIH, the main goverment organization that funds most of the biomedical research at universities and academic hospitals in the US) is facing a pretty minimal, if any, budget increase for the next fiscal year:
"NIH faces a harsh fiscal reality. According to its Biomedical Research Price Index, which calculates the agency’s purchasing power, the cost of doing research is expected to increase by 2.9% in fiscal year 2015, far outpacing its 0.7% budget hike."
There's a lot of economic growth that comes from innovation in science and technology; a large large large amont of the biomedical science and technology research in the US is supported by NIH funding. Moreover, in addition to the economic gains, the public health gains from NIH-supported research are enormous. There's a lot of benefit to increasing the NIH budget, but even more terrible than no budgetary increase would be if the NIH budget doesn't even keep up with inflation.
If you are concerned with the future of medical and scientific research in the US, contact your congressman/congresswoman and your senator and tell them we need to adequately support the NIH and other US government science organizations.