‘U’ Spending $500K Daily Due To Government Shutdown Funding Loss
U of M and government officials met to hear about how costly of an impact the shutdown has been.
“The most impacted people are federal employees,” said Chris Cramer, University of Minnesota’s vice president for research. “But the longer term impact of the loss of payments to the research institution has consequences that can’t be ignored as well.”
About 25 percent of the U’s sponsored projects are from impacted government agencies. The bill? About $500,000 per day now on the University’s dime.
Officials say the shutdown also threatens Northrop’s outreach programs, and is causing anxiety for some students worried about delays in approval of financial aid.
Watch the full story on WCCO.